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Zynga delaying stock IPO, due to 'rocky stock markets' and SEC questioning


Zynga was all revved up to release the initial public offering of its stock, but has had to delay that plan due to market instability and to answer questions from the SEC, according to The New York Post.

The IPO was planned for next month, but the SEC is looking into how the social games company is reporting both its user numbers and revenue, two factors which would obviously greatly influence a stock's performance. Zynga's also citing "the rocky stock markets" as a factor in the delay, which means the IPO will be pushed back to sometime later this year, possibly in November.

Zynga also needed some time to post its performance numbers on all of its friends' walls on Facebook, as well as send out Free Mystery Gifts to everyone on the SEC's ruling board.

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