Zynga floated a public offering on Dec 16, 2011 at $10 per share. Zynga soared to $11.50 prior to dwindling to $9.52 price within the first 15 trading minutes.

Things got progressively worse over the company’s first year of trading with the stock hitting a low of $2.09. Many of Zynga’s valuation issues mirrored Facebook’s disappointing stock performance. Investors seemed to take a view that the future of social networking was night as bright as they had once thought which caused some to abandon the sector.

Additional pressure has been put on Zynga’s stock as a result of several missteps by the company as well as slowing revenue growth and downward revenue projections by the company and analysts.