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Zynga shares halted twice in volatile trade
May 18, 2012 / 5:00 PM / 6 years ago

Zynga shares halted twice in volatile trade

NEW YORK (Reuters) - Shares in social gaming company Zynga Inc (ZNGA.O), which generates the majority of its revenue from Facebook, were halted twice in volatile trading on Friday as the stock jumped around on the same day as Facebook Inc’s (FB.O) debut.

The corporate logo of Zynga Inc, the social network game development company, is shown at its headquarters in San Francisco, California April 26, 2012. REUTERS/Robert Galbraith

    Shares of Zynga were down 5.6 percent to $7.80 a share, having hit an earlier low of $7.08 a share, which triggered an automatic halt due to the fluctuation in its price.

    Reporting By David Gaffen; Editing by Chizu Nomiyama

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