Image Credit: Screencap of Google Finance
Shares in social gaming company Zynga, which Tech.li recently covered in an expose, are frozen after 13 percent declines. Heavy downside volume triggered Nasdaq’s so-called “circuit breakers,” which the exchange put in place after the Flash Crash of 2010.
Rolfe Winkler speculated:$ZNGA collapsed when $FB opened. Off 13%. Maybe no one wants to own a $FB proxy now that they can own $FB??
Zynga’s social gaming business relies heavily on Facebook as a distribution network. Declines in Zynga shares could be a market reaction to Facebook’s initial 13% pop, or these declines could simply reflect investors’ decisions to dump a once-hot social tech stock in search of greener (or bluer) pastures. As this is a developing story, we will update you when more news hits the wires. Update: Trading in Zynga have resumed.
NovaWave Capital, the Silicon Valley-based VC fund, announced this week that it's expanding its AI…
Automotus, a Los Angeles startup focused on using software to untangle curbside congestion, has raised…
As we move deeper into the digital age, 2026 is shaping up to be a…
For startups, mastering communication is no longer just about persuasion—it’s about scalability. As companies grow,…
In an increasingly fragmented world economy, global alignment has become both an opportunity and a…
The world-renowned CES Innovation Awards® program is an annual competition honoring outstanding design and engineering…
