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
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 technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.
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