Zynga, the social gaming company responsible for CityVille and FarmVille and countless other time wasters went public today, but no one on Wall Street seemed to want to get in on the game. The stock hit Nasdaq at $10 per share this morning and rallied as high as $11.58 per share before taking an embarrassing dip to $9.58.
For those unfamiliar, Zynga appears to make most of its money by exchanging Facebook users' credit card information for mostly useless digital play money.
CEO Mark Pincus, who has been having some problems outside the office lately, rang a ceremonial opening bell at the company's offices in San Francisco. In an inspirational message to employees, some of whom he swiped stock options from, Pincus said "We’re a work hard, play hard kind of company. We don’t always take enough time to celebrate these moments. I’m most guilty of that. I hope you get more than a moment to really step back and just enjoy and celebrate this moment in time."
The stock closed it's first day of trading at $9.50 per share.
[Chron]via: Google Finance