GameStop’s stock price closed lower by $US1.30 — a 5 per cent loss overall — after word this morning that Sony had applied for a patent on technology that could restrict how used games are played on its next console.
Going by initial reactions, Zynga’s stock market debut wasn’t exactly a breakout affair. But then, unless you’re a day trader, the stock market has never really been about the day-to-day ups and down, but rather steady growth. At least, this is how Zynga’s COO John Schappert feels about the IPO.
As rumoured two days ago, it is now confirmed that Zynga will hold an initial public offering of its stock on the NASDAQ tomorrow.