Did EA Bust the Social Gaming Bubble?

When sims-socialElectronic Arts bought social games maker Playfish for $300 million—plus a $100 million buyout—in 2009, it sent shock waves throughout the videogame industry. Spurred by growing speculation about the value of then-private Zynga, some tech pros say it was the beginning of a bubble for developers who specialize in Facebook games.

On Monday, EA once again surprised the tech world – this time by announcing plans to axe several games on the social network, including The Sims Social, SimCity Social and Pet Society. When those titles shut down on June 14, Playfish may not have any active games—thus raising questions about its fate. (EA declined to discuss the future of Playfish, saying it was “not commenting on individual teams.”)

Read more at CNBC.com

Zynga stock plummets after Facebook IPO

The trading debut of Facebook didn’t exactly burst out of the gate like many people expected. But while the company was getting pounded in mid-day trading Monday,  shares of “tracking” stocks — companies people invested in to own a piece of Facebook before it went public — have suffered terribly in its wake.

None more so than fellow social giant Zynga.

Read more at Yahoo! Games