Zynga Posts Surprise Loss, Shares Down More Than 30%…
The only thing surprising is that if folks didn’t expect things to tank….No mobile strategy, completely dependent on FB platform, abismal game pipeline after the XXXville games…
Say, where is our little buddy, anyway? He’s been remarkably quiet after his “You’re all morons if you’re over 35” diatribe. Since I’m over 35, I wanted to see what other tech sector investing advice he had. You know, since he did so well with FB, Zynga and Groupon and all.
What is common among zynga and fb and a lot of web 2.0 is they forgot one very important piece. Mobile…
No mobile story, no growth.[/quote]
They can write apps and provide mobile stuff just fine. They just have no clue how to monetize mobile. The standard ad model doesn’t work on mobile and it never will.
You beat me on reporting this again flu! Are you just sitting there all day watching ZNGA ticker to note when ZNGA dump happens, so that you can post it to this thread ???
You beat me on reporting this again flu! Are you just sitting there all day watching ZNGA ticker to note when ZNGA dump happens, so that you can post it to this thread ???[/quote]
Not really, but I do get a chuckle when I get the latest on wall street earnings, and this one takes the cake.
ZNGA has more shoes to drop than HPQ (which itself has more shoes than Imelda Marcos)
NEW YORK (AP) — Zynga shares tumbled nearly 12 percent in after-hours trading Thursday after the online game company and Facebook disclosed that they changed their relationship status to become less attached to each other.
Zynga said it will cut about 520 jobs, or roughly one-fifth of its work force, and close some offices in the United States.
Analysts said the latest warning on quarterly bookings, a measure of sales, boded poorly for the “FarmVille” developer, which began trimming staff late last year.
Zynga’s shares slid as much as 15 percent in frantic trade before closing down 12 percent at $2.99, near its four-month low.
snip
Their CEO is a bit unscrupulous (to say the least), and most of their market share has come from acquisitions rather than original development. Their current condition is, therefore, not much of a surprise.
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