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I wouldn't even invest $10 in Zynga. People are going to stop caring sooner or later, and then they won't be good for anything.
#bitterButTrue
#bitterButTrue
No Im pretty sure there will always be a market for stuff like Farmville, and if anything the markets only going to get bigger.
And now they are at the mercy of the free market. I never understood the point of going public when your company was already making money hand over fist. Yeah, you'll make more money, but you also have a chance of losing it all due to market fluctuation.
Fun Fact: My new gaming PC came with something called Splashtop and a Zynga icon on my desktop.
Promptly uninstalled anything having to do with either.
Thats what I think of Zynga, even if buying stock in them right now could net me big money later.
Promptly uninstalled anything having to do with either.
Thats what I think of Zynga, even if buying stock in them right now could net me big money later.
@crackedbat
Now the company has several hundred million to use to fund other projects.
Plus, i'm sure Mark Pincus just got a boatload of assets to add to his already enormous war chest. He had around a 16% share in the company while it was private. I'm sure the other guys who founded it got more rich off of this as well.
Now the company has several hundred million to use to fund other projects.
Plus, i'm sure Mark Pincus just got a boatload of assets to add to his already enormous war chest. He had around a 16% share in the company while it was private. I'm sure the other guys who founded it got more rich off of this as well.
And their stock is already dropping. Investing in video games is always risky proposition, there is no guaranteed long term or stable seller say like Coca-Cola and their products.
"Let's see if they can move from browser games and friends list spam into something a bit more substantial."
Cause raising a billion dollars and having the second largest offering ever isn't "substantial" enough? lol
Cause raising a billion dollars and having the second largest offering ever isn't "substantial" enough? lol
LinkedIn (LNKD) IPO'd earlier this year at $3 billion, shares tripled on first day to bring amount to $9 billion. ZNGA IPO got off to a rough start, down as much as 10% intraday and finishing at $9.55/share. Looks pretty weak to me...
The FBOOK IPO will likely be the biggest in history...$100B? $500? Hard to say, but it will be obscene.
The FBOOK IPO will likely be the biggest in history...$100B? $500? Hard to say, but it will be obscene.
LinkedIn (LNKD) IPO'd earlier this year at $3 billion, shares tripled on first day to bring amount to $9 billion. ZNGA IPO got off to a rough start, down as much as 10% intraday and finishing at $9.55/share. Looks pretty weak to me...
The FBOOK IPO will likely be the biggest in history...$100B? $500? Hard to say, but it will be obscene.
The FBOOK IPO will likely be the biggest in history...$100B? $500? Hard to say, but it will be obscene.
@Jeslijar
You're right. Mark Pincus did get a hell of a lot with going public, and from what I've read on various financial sites, he's the reason the stock closed down 5% today. He has more voting power in comparison to shares owned and has a near stranglehold on the company. That would be all and well if people trusted him. But from what it sounds like, analysts believe the company got in the market too soon as Pincus has yet to diversify its revenue stream yet. I read that 95% of its profits come from Facebook, and it only profits off of 3% of its users.
I'm going to wait and see if it drops any further, because I believe Pincus will concede some control of the company to appease investors and its price will go up.
You're right. Mark Pincus did get a hell of a lot with going public, and from what I've read on various financial sites, he's the reason the stock closed down 5% today. He has more voting power in comparison to shares owned and has a near stranglehold on the company. That would be all and well if people trusted him. But from what it sounds like, analysts believe the company got in the market too soon as Pincus has yet to diversify its revenue stream yet. I read that 95% of its profits come from Facebook, and it only profits off of 3% of its users.
I'm going to wait and see if it drops any further, because I believe Pincus will concede some control of the company to appease investors and its price will go up.
I assume that not many people are into finance as much as me, but for the record Zynga did not do very well. They are valued at $14 billion, so this was not wat Zynga was expecting. Here is an article about how the IPO fell flat.
http://finance.yahoo.com/news/why-zyngas-ipo-fell-flat-174941920.html
http://finance.yahoo.com/news/why-zyngas-ipo-fell-flat-174941920.html
@crackedbat, @Dale
Do you guys know if these were just numbers released recently with recently purchased stock options or the original public IPO numbers? Didn't the IPO depreciate in value by like 90% in the first 3 months? I too would like to buy some stock in the company but it seems that it would only be profitable if Pincus the Dincus (what an awesome nickname :P) either slackened up his control of the operation or was forced out by the board.
Do you guys know if these were just numbers released recently with recently purchased stock options or the original public IPO numbers? Didn't the IPO depreciate in value by like 90% in the first 3 months? I too would like to buy some stock in the company but it seems that it would only be profitable if Pincus the Dincus (what an awesome nickname :P) either slackened up his control of the operation or was forced out by the board.
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