As Facebook sinks, Zynga gets dragged down with them
In Aladdin, when Jafar was pulled into the lamp after making a monumental mistake of going for too much power, he grabbed his untrusty sidekick on his way down to be stuck in lamp limbo together. The same things seems to be happening with Facebook and Zynga; as Facebook’s IPO crumbles, Zynga’s shares continue to sag.
In this Chart of the Day by Statista, it’s easy to see how the fate of the larger company is dramatically affecting the future of the smaller, dependent company. Click to enlarge.