Is the OMGPOP Acquisition Haunting Zynga?

Zynga’s much-anticipated quarterly report was very close to being a non-event – 10 minutes after the press release, the share price was within 0.3% of the close. Yet ZNGA declined from nearly $16 to $8 between early March and late April. Earnings did not hide any hideous surprises; what is dragging down the stock?

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