Zynga's Stockholders Should Be Very Happy with Facebook Right Now

[ayodele]

After Facebook's initial public offering paper revealed that Zynga accounts for 12 percent of the social network's revenue, ZNGA has been on quite a bull run up at NASDAQ. After hovering around $10 per share since its own IPO in December, Zynga's stock graph takes a hockey stick-shaped turn the moment markets opened after Facebook's S-1 filing hit the Web. It kept running up and up until lunchtime on Friday when the stock price peaked at $14.35. ...