This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Five Dumbest Things on Wall Street This Week: Dec. 7

3. Zynga Steps Out

Forget Farmville, CityVille and CastleVille, Zynga (ZNGA) should call its newest game SplitsVille following its divorce from Facebook (FB).

The online gaming company saw its stock sink around 6% last Friday -- and then another 10% this past Monday -- after it amended a 2010 deal that gave Zynga privileged status on Mark Zuckerberg's massive social network. Under the new agreement, Zynga will get greater independence to promote its standalone Web site, while Facebook will be free to fool around with new and different game developers.

And Facebook isn't the only one stepping out on Zynga. The company also saw senior executives Roy Sehgal and Steve Schreck take off this week. The pair follow in the footsteps of a slew of Zynga brass to recently say sayonara, including Zynga's former CFO, Dave Wehner, who walked out last month.

OK. Maybe it's not truly a divorce since the two parties are still somewhat entangled. How about we refer to it as a trial separation instead? Open marriage? Facebook friends with benefits?

Whatever you call it, both sides are breaking their original vow and are testing the field. And judging by the reactions in their stocks, investors clearly seem to think Facebook is in a better position to go it alone, and we tend to agree with the herd on this point. Shares in Facebook jumped Monday to nearly $29, continuing their strong run from their 52-week low of $17.55, even as Zynga's stock, now down 75% since last year's high-profile IPO, swung lower on the news.

Wait! That's it! We know what we'll call these swinging singles from now on.

Zwyngers!

3 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,919.59 +80.85 0.48%
S&P 500 1,981.60 +9.86 0.50%
NASDAQ 4,527.5140 +19.2020 0.43%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs