Zynga is under-performing the Nasdaq by around 37% over the last 90 days. So no, tech stocks in aggregate have not declined 32% at all. The Nasdaq is around 2.5% below its 6 month high (off about 78 points).
A small list of major tech stocks not down substantially during ZNGA's public time frame: AAPL, INTC, HPQ, DELL, CSCO, MSFT, GOOG, ORCL, IBM, SAP, CRM, AMZN, RAX, BIDU, EBAY, EMC, and so on.
edit: just ran ZNGA against that list of stocks, and it's under performing all of them by a wide margin, and on average is below that group by roughly 35% over the last 90 days. It's blatantly specific to ZNGA, and given the date the plunge began, it is about the market questioning ZNGA's business as prompted by the OMGPOP acquisition. The only other big league disaster in tech on par with ZNGA right now is Groupon's stock.
A small list of major tech stocks not down substantially during ZNGA's public time frame: AAPL, INTC, HPQ, DELL, CSCO, MSFT, GOOG, ORCL, IBM, SAP, CRM, AMZN, RAX, BIDU, EBAY, EMC, and so on.
edit: just ran ZNGA against that list of stocks, and it's under performing all of them by a wide margin, and on average is below that group by roughly 35% over the last 90 days. It's blatantly specific to ZNGA, and given the date the plunge began, it is about the market questioning ZNGA's business as prompted by the OMGPOP acquisition. The only other big league disaster in tech on par with ZNGA right now is Groupon's stock.