Zynga Inc, the social game developer of such hit games as “Farmville” and CityVille”, published its second-quarter earnings. The weak financial results as well as also weak expectations for the rest of the year caused Zynga’s stock prices dropped 41 percent, to $3.18 a share.
Zynga Inc., the well-known casual games publisher, was hit by lawsuits filed by its shareholders. They are accusing the popular game creator of not warning them about drops in user and revenue growth before Zynga’s outcomes resulted into a decline of its shares just last week. In addition, many of Zynga’s investors and executives cashed out their investment in the company for huge sums just before the firm’s stock dropped.
There's been plenty of buzz and rumor for sometime about the Facebook initial public offering. When's it going to happen? Will it really be a $10 billion offering? Is Facebook really worth $100 billion dollars? Will it be able to survive better than Google and Pandora? Here are a few more answers to the many questions going around: