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Zynga: Is The Business Really Worth Nothing At All?
For Zynga, it has come down to this: the market seems to have concluded that the company’s ongoing business is worth absolutely nothing. This morning, with the stock down another 14 cents, or 4.8%, to $2.81 – a new all-time low – the social gaming company’s market cap has shriveled to $2.14 billion. (Recall that [...]
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Wall Street isn't jumping into Zynga's stock game
Zynga employees were cheering the company's newly minted public stock this morning, but in early trading, Wall Street investors were not enthusiastic - the price hovered just few cents below or... Read Post
Zynga’s stock ended up where it was during this morning’s dive, down over 13%
As we pointed out earlier, one of the tech stocks that got hit the hardest during the Facebook IPO hoopla was Zynga. The company’s stock started off the day down... Read Post
Zynga Spikes; Suddenly, Investors See A Raging Bargain
Three weeks ago, I wrote a post about Zynga that raised this question: Is The Business Really Worth Nothing At All? With the social gaming company’s stock then trading around $2.81 a share, I noted, the company’s market cap has shri... Read Post