Zynga Stock Drops Below $5 Facebook Gaming Decline to Blame? [POLL]

Nasdaq halted short-sales of Zynga stock Tuesday after shares of the company dropped an astounding 11.8%, falling below $5 a share for the first time.

The stock price drop is thought to be due in part to a decline of interest in Facebook games.

The news came from a report published by an analyst at Cowen & Co Tuesday morning that claims the market for Facebook games has hit a negative inflation point. Cowen says gamers are turning to smartphone apps, rather than playing via Facebook.

Zynga has a strong mobile presence, with apps such as Draw Something and Words With Friends. However, its core business is still in Facebook games such as Farmville.

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