Zynga’s Stock In For a Long Drought?

We’ve all heard that our corn crops are at an all time low due to droughts across the United States. Corn and many other food crops hit by the lack of rain will cause food prices to rise at the grocery store. Perhaps this shortage of food and increased prices in our real “Farmville” is why Zynga's stock is collapsing - people are buying real food instead of virtual. Could Zynga’s recent stock collapse be tied to the number of people in the United States receiving food stamp assistance from the government? According to a recent Bloomberg article, food stamp users

Continue reading...

Tagged drought, farmville, Marc Pincus, sold shares, stock collapse, zynga