Looks like not only is Groupon cratering, like I predicted, but so is Zynga… 10.45 and going down….
It’s close to ipo pricing and probably going below that soon…Splatville here we come.

[quote=AN][quote=markmax33][quote=flu]Looks like not only is Groupon cratering, like I predicted, but so is Zynga… 10.45 and going down….
It’s close to ipo pricing and probably going below that soon…Splatville here we come.[/quote]

Flu – I love how you make predictions with no merit. I just doubled down on ZNGA. If you understood advertising or gaming you would know ZNGA is not a “web stock”. Even my 70 year old father is playing games on his mobile device. LOL @ FLU![/quote]
Ouch, down to $8.80 now. Time for triple down?[/quote]

Well, it’s quite simple. Pissing match between retail investors, and institutional investors/insider, guess which category always wins at the expense of the the other. You know what is a sell sign for a stock? When insiders start unloading like crazy. It’s not the insiders that have regularly scheduled timed stock/options sales.. Its unusual events that allows insiders to unload. Afterall, if insiders actually thought their stock/options were going to be worth more in the future, they wouldn’t be massively unloading now right BEFORE a facebook IPO….

Or in the case of these web 2.0 trying to skirt the usually normal 180 lockup period that just about every web 1.0 company went through. The only reason why they are skirting around these lockup periods is because they want to cash out now, because they feel these valuations won’t hold up.

Something also specifically about zynga that is alarming. It’s strategy seems to be to use IPO proceeds to go on an acquisition spree. Translation: it doesn’t have the next big hit and needs to go out and buy it…..Problemville.

[quote=markmax33][quote=flu]Something also specifically about zynga that is alarming. It’s strategy seems to be to use IPO proceeds to go on an acquisition spree. Translation: it doesn’t have the next big hit and needs to go out and buy it…..Problemville.[/quote]

Flu,
You just showed how much you don’t know. They dominate the online poker world, they have several homegrown games that are wildly popular – Word’s with friends, farmvile, etc. You really seem clueless to this stock, online gaming and the advertising space in general. Why don’t we talk about Web 2.0 stock Google and their stock price since the IPO since you know it all? We know the tech stocks such as this will get hammered on the bad days and go up more on the good days.
I agree it sucks they owners are selling stock but it doesn’t mean they don’t have a ton of value and more upside potential than nearly almost every other stock that is publically traded.
Let’s continue this thought and discuss where operating systems are going in the next 10 years. There won’t be operating systems in 10 years. We will have web enabled network appliances that do everything over the net and these companies that have infrastructure for the online world will have tremendous growth.
The Poker thing is nearly a slam dunk for ZNGA. They have been in talks with Steve Wynn and the first of several states to legalize online poker will probably open their doors in late 2012. It will be a gold rush.[/quote]

Google wasn’t ever Web 2.0. Google has many many businesses and is extremely profitable with organic growth, and with enough enginerds to invent something new everyday and a strong marketing/sales/biz dev team to sell it.

Zygna’s got nothing and their strategy for growth is to use IPO money to buy the next big hit. It’s been tried before during web 1.0. Those companies died. But don’t take my word for it, we’ll check back in a few months. Just like… ron paul.

You’re “big picture” cloud computing/online “ra-ra” you’re displaying is about 10 years behind schedule…We’ve seen it and done it. You’re late to the party dude.