Zynga hit with insider trading lawsuits

Zynga’s stock has crated to about $3, from an IPO price of $10.

More importantly, it’s down from $12 when Zynga had a secondary offering of shares in April earlier this year.

During that secondary offering, insiders like Mark Pincus and a number of investors cashed out, selling about $516 million in stock.

Read more here at Business Insider.

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