Gigaom

What do Facebook (s FB), Zynga (s ZYNG) and Groupon (s GRPN) have in common? Yes, they went public recently. Yes, they are all part of the grand web evolution. Yes, they have been growing really, really fast. Yes, they all are desktop-first companies struggling to find traction in an increasingly mobile world. Yes, they are buying up companies willy-nilly in order to figure out this mobile thing. However, there is one thing that really unites them: they were overvalued as private companies and after going public they have been presented with a reality check.

The latest to get that reality check in Zynga, which today saw its stock tank almost 40 percent to about 3 bucks a share in after-hours trading. The reason? It missed its second quarter 2012 revenue targets and painted a dismal picture for the near future. The sentiment on the company is quite negative…

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