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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