Banking, finance, and taxes

Zynga Halted Following Delay in Facebook IPO

Zynga
Shares of Zynga Inc. (NASDAQ: ZNGA) were halted shortly afterFacebook Inc. (NASDAQ: FB) launched this morning as the delayed opening caused the game-maker’s shareholders to run away from the stock in big numbers. Shares had dropped more than -13%.

Trading was halted after Zynga’s shares fell by -10%, then were briefly reopened before being stopped again.

Shares are now trading once more, down about -5.7% at $7.80 after posting a new 52-week low of $7.08. The previous 52-week range was $7.34-$15.91.

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