Zynga, the company behind some of Facebook’s most popular games, had a poor day of trading in its first day on the market this past Friday. The stock closed at $9.50, down 5% from its initial public offering. While Zynga sold more outstanding shares than LinkedIn and Groupon’s IPOs, many believe that interest in high-valuation Internet companies is waning. Read the full article at WSJ.com
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.