"How low can Zynga’s stock go? Below the total value of the cash it has on hand, the securities it owns, and the amount it paid in March for its San Francisco headquarters, according to J.P. Morgan analyst Doug Anmuth. Combined, those assets are worth $2.46 per share, Anmuth wrote in a report released Thursday night. In afternoon trading Friday, Zynga stock was at $2.35, meaning Wall Street is valuing the social and mobile game company’s business at, essentially, nothing."

Zynga stock plummets below value of its cash and real estate - latimes.com