The impending Facebook IPO has given a leg-up to social gaming powerhouse Zynga.
Facebook's Mark Zuckerberg, Twitter's Biz Stone, Craigslist's Craig Newmark, and many others have turned their entrepreneurial skills to solving the world's social problems.
Zynga was the talk of the New York Stock Exchange when they rank the opening bell but after taking an immediate 5 percent hit, investors are reassessing Zynga as being overhyped.
Zynga IPO is priced at $10 a share, making the Internet social gaming company worth $7 billion. The Zynga IPO is scheduled for Friday.
In 2011, stocks were the most correlated they'd been in 80 years, which meant investors could skip out on doing intense stock-specific research and just focus on getting the market right. Investment moves were dominated by European headlines as well.
Alec Baldwin kicked off plane for playing Words with Friends. There are few winners in such a news story – but Zynga is one of them.