Zynga falters in debut, sheds doubt on IPO market

by admin on Friday, December 16th, 2011 | No Comments

NEW YORK/SAN FRANCISCO (Reuters) – Online games developer Zynga Inc scored terribly as it went public on Friday, dashing hopes for the year’s up-to-the-minute tech IPO, as investors frowned on its over-reliance on Facebook, dimming growth prospects, and outsized control by CEO Mark Pincus.