Zynga was all revved up to release the initial public offering of its stock, but has had to delay that plan due to market instability and to answer questions from the SEC, according to The New York Post.
The IPO was planned for next month, but the SEC is looking into how the social games company is reporting both its user numbers and revenue, two factors which would obviously greatly influence a stock's performance. Zynga's also citing "the rocky stock markets" as a factor in the delay, which means the IPO will be pushed back to sometime later this year, possibly in November.
Zynga also needed some time to post its performance numbers on all of its friends' walls on Facebook, as well as send out Free Mystery Gifts to everyone on the SEC's ruling board.
Reader Comments (12)
Posted: Aug 29th 2011 9:44PM Aussiemon said
Love that sarcasm at the end... That was sarcasm right?
Posted: Aug 29th 2011 10:04PM Marshillboy said
The question remains: Who the hell would buy zynga stock?
Posted: Aug 29th 2011 10:04PM Marshillboy said
@Marshillboy
Now Valve stock, on the other hand...
Reply
Now Valve stock, on the other hand...
Posted: Aug 29th 2011 10:17PM Morisato13 said
@Marshillboy
As shitty of a "gaming company" zynga is... one can't deny that zynga makes money...
Reply
As shitty of a "gaming company" zynga is... one can't deny that zynga makes money...
Posted: Aug 29th 2011 10:37PM Faceless Troll said
@Marshillboy People that keep their morals separate from their desire to make money?
Reply
Posted: Aug 29th 2011 11:36PM ShadowXIII said
@Morisato13
I'll just leave this here:
http://www.escapistmagazine.com/news/view/96024-Zynga-CEO-Admits-to-Being-a-Scammer
Reply
I'll just leave this here:
http://www.escapistmagazine.com/news/view/96024-Zynga-CEO-Admits-to-Being-a-Scammer
Posted: Aug 29th 2011 10:40PM 343 Guilty Fart said
Cue Nelson "HA-HAH!!"
Posted: Aug 30th 2011 1:25AM BULLETBOI said
I think social networking will evolve inthe next five years and zynga will profit.
Posted: Aug 30th 2011 2:19AM Crayola Q Pants ESQ said
@BULLETBOI holy crap Michael Pachter is that you?!
Reply
Posted: Aug 30th 2011 7:51AM DJ Kenneth A said
The problem with investing in zynga is the depend on fb to make money. If fb goes the way of myspace zynga needs a backup plan. It seems way to high risk. Its like playing the market on investor must die mode






