Tag Archives: ZNGA

Why Zynga Stock Popped 8% Today

What happened

Shares of mobile gamer Zynga (NASDAQ:ZNGA) surged 8% higher through 3 p.m. EDT Friday in the wake of a landmark legal decision against Apple (NASDAQ:AAPL).

As Bloomberg reported today, the U.S. District Court has just ruled (in Epic Games’ lawsuit against Apple) that Apple “must let developers of mobile applications steer consumers to outside payment methods,” and not require that all in-game purchases be run through the App Store (with Apple taking a 30% cut of the revenue).  

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Got $2,000? 3 Top Growth Stocks to Buy in September

The stock market continues to set new records, despite threats to the economy, because the Federal Reserve has kept its easy-money policies at full throttle. It’s one of the reasons the cost of everything is rapidly inflating.

Although Fed Chairman Jerome Powell has signaled that interest rates will need to start rising by 2023, they will still be at historically rock-bottom rates, which suggests there’s plenty more upside in stocks for a long time to come. 

Growth stock investors should find market conditions ripe for further gains, and investing in Zynga (NASDAQ:ZNGA),....More>>>