Did Zynga Lose Half Its Value?
In fairness, how much of that $20 billion did it deserve anyway?
Zynga got spanked in the second quarter, with an earnings hit of around 95 percent year over year. The company hasn’t said anything about changing its plans to go public, but the outcome could be much different. According to an article on Motley Fool, experts say Zynga’s valuation may have dropped by as much as $10 billion!
Now, you’d expect a company with plunging earnings to take a serious valuation hit. And, since it’s not public yet and is still young, Zynga
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