“Zynga’s stock has crated to around $3 from an IPO price of $10.
Or, more importantly, it’s now under $3, down from $12 when Zynga had a secondary offering of shares in April earlier this year.
During that secondary offering, insiders like Mark Pincus and a number of investors cashed out, selling about $516 million in stock.
Then Zynga had a disastrous second quarter where it reduced its full-year guidance, sending the stock tumbling.”
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