Tech stocks look like a Taylor Swift concert right now. Apple, Amazon, Facebook, Yahoo, Groupon, and King (the makers of Candy Crush) were all in the red this morning. Twitter continues to hit record lows after insiders were finally allowed to cash out. Yesterday 134 million shares were traded, more than seven times the normal volume.
This summer, you won’t have to go far to find a Candy Crush player. There they are: begging lives off strangers on the subway platform, bonding with fellow acolytes at the DMV, taking time off work to focus on what matters—literally wearing their lack of productivity like a badge. "Sometimes I just go into the bathroom and sit on the seat and play," a colleague confessed, describing some quality in-office downtime. "I don't tell many people that . . ."
Zynga went public over the popularity of a few hit Facebook games, and is now in the process of collapsing into a mush pit. Now the makers of Candy Crush Saga, the jellybean puzzle game gripping the brains of America, are plotting an IPO, the Wall Street Journal reports. First as tragedy, then as farce.