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ZNGA Zingered

Tyler Durden's picture




 

UPDATE: ZNGA re-opened -13%; now -16%

That foundation of social media monetization has just announced a cut to its outlook and plenty more. The stock is currently halted but its proxy FB is being sold after-hours...

  • *ZYNGA SEES YR BOOKING $1.085B TO $1.100B, SAW $1.15B-$1.225B
  • *ZYNGA 3Q PRELIM EST. $286.4M, SAW $300M-$305M,       :ZNGA US
  • *ZYNGA SEES YR ADJ EBITDA $147M-$162M, SAW $180M-$250M :ZNGA US
  • *ZYNGA 3Q PERLIM ADJ. BREAKEVEN-LOSS 1C; SAW BREAKEVEN
  • *ZYNGA CITES REDUCED EXPECTATIONS FOR `THE VILLE,' OTHERS
  • *ZYNGA SEES CHARGE ON INTANGIBLE ASSETS ACQUIRED ON OMGPOP

Who couldanode? Securitizing synthetic farms and paying huge premia for acquisitional growth wouldn't pay off? Is OMGPOP accepted as collateral at the ECB yet? More importantly, the question is whether the ZNGA management team has considered whether or not to apply for a Virtual and quite conditional ECB bailout yet...

 

 

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Thu, 10/04/2012 - 16:55 | 2857289 PrintingPress
PrintingPress's picture

Print some more farms!

Thu, 10/04/2012 - 16:57 | 2857301 iDealMeat
iDealMeat's picture

Long iPigs

Thu, 10/04/2012 - 17:57 | 2857497 machineh
machineh's picture

If there had been CB radio stocks (the 1970s version of social networking) back then, they would have crashed the same way.

10-4 good buddy!

Thu, 10/04/2012 - 18:00 | 2857503 NotApplicable
NotApplicable's picture

It's my wife's fault. She's went back to wasting her life playing solitare, as for some reason virtual farming just doesn't provide a thrill anymore.

If only I could monetize those clicks...

Thu, 10/04/2012 - 18:01 | 2857506 MiguelitoRaton
MiguelitoRaton's picture

Their logo is a dog...unfortunately, so is their stock

Thu, 10/04/2012 - 18:43 | 2857645 max2205
max2205's picture

A guy named John has been lurking near the farms....

Thu, 10/04/2012 - 22:09 | 2858127 palmereldritch
palmereldritch's picture

See, the problem with Zynga dollars was that they were a fiat currency.

Thu, 10/04/2012 - 17:04 | 2857334 slaughterer
slaughterer's picture

We have been shorting ZNGA since $10.15.  

Thu, 10/04/2012 - 16:57 | 2857298 Arnold Ziffel
Arnold Ziffel's picture

"You can't eat ZYNGA."

Thu, 10/04/2012 - 16:59 | 2857312 fuu
fuu's picture

No, but ZYNGA can eat it.

Thu, 10/04/2012 - 18:40 | 2857637 max2205
max2205's picture

Baaaaw Bwaaaa

Thu, 10/04/2012 - 16:58 | 2857303 frenchie
frenchie's picture

Oh My God Pop (bubble ?) !

Thu, 10/04/2012 - 17:34 | 2857425 saturn
saturn's picture

baZYNGA!

Thu, 10/04/2012 - 17:40 | 2857439 EscapeKey
EscapeKey's picture

If you had been paying attention you'd know that - according to our central planners - it's impossible to spot bubbles unless it's in gold.

Thu, 10/04/2012 - 17:00 | 2857316 Ned Zeppelin
Ned Zeppelin's picture

Invest in a company that is nothing, has nothing, and makes nothing, on the hope that it turns into something.  A sure thing. 

Thu, 10/04/2012 - 17:02 | 2857327 ParkAveFlasher
ParkAveFlasher's picture

Are you suggesting I buy bonds?

Thu, 10/04/2012 - 21:21 | 2858029 AUD
AUD's picture

Treasury bonds

Thu, 10/04/2012 - 17:05 | 2857317 Yen Cross
Yen Cross's picture

 Holographic farm animals are great eating/ with bitcoin tokens! (since everyone, other than z/h readers, has gone full [tourette syndrome} LONG!

Thu, 10/04/2012 - 17:11 | 2857362 fuu
fuu's picture

bitcoins are great if you run a botnet.

Thu, 10/04/2012 - 17:15 | 2857371 Cursive
Cursive's picture

@fuu

Huh?  Where can I get enough to buy 100 rounds of .357 magnum?

Thu, 10/04/2012 - 17:25 | 2857387 Yen Cross
Yen Cross's picture

 Whats the " market cap" on that manipulated "botnet"? Nice to hear from ya, FUU-Meister. :-)  I had a 3 large aud/usd @ 1.0233 long going this morning. I set a tight ttrailing stop, and widened it out to 30 "PIPs", when it hit 1.0265.

  I walked away from my laptop for 1/2 hour, and some a-hole central bank crushed it back down to 1.0235 in 4 minutes! My trailing stops covered me for a small profit ,but I was pissed! Technical res. was 10 pips above! fuk the bernak, & the algos that follow his worthless carcass!

Thu, 10/04/2012 - 18:28 | 2857598 fuu
fuu's picture

@Cursive, no idea.

 

@Yen nice? The only currency pairs I play are $/Gold and $/Silver.

Thu, 10/04/2012 - 18:42 | 2857642 max2205
max2205's picture

Never turn your back on a trade. Clear it and start over

Thu, 10/04/2012 - 19:08 | 2857724 Yen Cross
Yen Cross's picture

+1) Trade was protected with "trailing stops" ,not "s/l". I was in the $. Just no where near as profitable.

 

Thu, 10/04/2012 - 17:02 | 2857325 deejo
deejo's picture

btfd !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

'annddddddd it's gone'

Thu, 10/04/2012 - 17:05 | 2857339 i love cholas
i love cholas's picture

Can't wait till FB has to write down Instagram

Thu, 10/04/2012 - 17:09 | 2857342 ziggy59
ziggy59's picture

ZYNGA backwards is AGNYZ

Thu, 10/04/2012 - 17:18 | 2857382 ziggy59
ziggy59's picture

Someone Zynga'd me.

Thu, 10/04/2012 - 18:25 | 2857588 NotApplicable
NotApplicable's picture

Tough crowd.

The Internets: Serious Business

Thu, 10/04/2012 - 17:06 | 2857343 Ineverslice
Ineverslice's picture

Being sold....GANGNAM STYLE !

Thu, 10/04/2012 - 17:09 | 2857353 i love cholas
i love cholas's picture

EA probably is home to some of the best sport franchise video games and its stock is a piece of shit.

Thu, 10/04/2012 - 17:10 | 2857357 Squid Vicious
Squid Vicious's picture

Someone still has a $13 PT on this turd? ...one of the usual suspects I'm assuming,from the recent FB and Groupon analyst flambes

Thu, 10/04/2012 - 17:10 | 2857359 Temporalist
Temporalist's picture

Just a fat zinger.  A minor glitch.  Nothing to worry about.

Thu, 10/04/2012 - 17:13 | 2857365 Cursive
Cursive's picture

Never remember seeing so many broken stocks with averages this high.

Thu, 10/04/2012 - 17:24 | 2857385 Temporalist
Temporalist's picture

This has happened and only 12-13 years ago.  What could possibly go wrong?

Pets.com, flooz, boo.com, enron, worldcom

Thu, 10/04/2012 - 17:38 | 2857437 Cursive
Cursive's picture

@Temporalist

I don't remember the companies breaking before the Nas broke.  It happened all at the same time.  Once the likes of Qualcomm and Lucent and Juniper were hit, the Nas wasn't extending recent gains.  Other than Amazon and Apple, I'm not sure who the market leaders are that can sustain this advance.  Banking was strong today.  I think it's HFT-induced sector rotation.

Thu, 10/04/2012 - 17:43 | 2857444 EscapeKey
EscapeKey's picture

It wasn't all at the same time. Network companies (Juniper, JDS Uniphase, Cisco, Finisar, ...) went down the pan after internet stocks. Boo.com was pretty much the first to go as far as I recall.

Thu, 10/04/2012 - 19:49 | 2857608 Temporalist
Temporalist's picture

Here is a small timeline.  From launch to collapse it was 6 months for boo.com.  They blew $135m during that time (peanuts today only 12 years later *cough* no inflation *cough*).  And JP Morgan and Goldman ate £80m in cash.

http://news.bbc.co.uk/2/hi/business/1869544.stm

2000 "November: Pets.com become first listed US dot.com to collapse. Other notable failures that month included Garden.com and Furniture.com."

Thu, 10/04/2012 - 23:06 | 2858229 dark pools of soros
dark pools of soros's picture

don't forget theglobe.com

and you can still buy it now!!

http://www.investorguide.com/stock-charts.php?ticker=TGLO

 

Thu, 10/04/2012 - 18:34 | 2857617 Temporalist
Temporalist's picture

I was thinking in terms of the overall bubble but get what you meant now. 

There are several banks that have opened new locations locally so anecdotally they are believers in themselves if nothing else - they do have the funds apparently from somewhere. 

Agreed there aren't many "names" or "darlings" that one would feel are primed to drive the burning wagon.  I wouldn't doubt the sector rotation.  What would the next sectors be?  Health care?  Defense?  Entertainment? 

Thu, 10/04/2012 - 17:29 | 2857409 Id fight Gandhi
Id fight Gandhi's picture

Because it never happened.

Thu, 10/04/2012 - 17:15 | 2857373 Meesohaawnee
Meesohaawnee's picture

good for SPY 1500 tomorrow. Bullish

Thu, 10/04/2012 - 17:19 | 2857383 becky quick and...
becky quick and her beautiful mouth's picture

this better not impact mafia wars, i just leveled up to 1,348.

Thu, 10/04/2012 - 17:45 | 2857459 youngman
youngman's picture

This is just another feather in the Yamaki´s for the New York boys..who hyped this piece of crap...then who sold this crap to the public...made their fees and commissions...all in a days work for the New York boys...

Thu, 10/04/2012 - 19:15 | 2857756 disabledvet
disabledvet's picture

maybe the goal really is to leave NY a moonscape after all. Still..someone might notice...

Thu, 10/04/2012 - 17:54 | 2857484 MiguelitoRaton
MiguelitoRaton's picture

Their logo is a dog...unfortunately, so is their stock

Thu, 10/04/2012 - 17:56 | 2857495 Conman
Conman's picture

BTFD. Zynga really isnt that worse off than amazon and thier money loosing kindles. Ah fuck it buy everything, its teh cool thoing to do.

Thu, 10/04/2012 - 18:07 | 2857527 RSBriggs
RSBriggs's picture

You really don't know much about Amazon, do you?

Thu, 10/04/2012 - 18:05 | 2857520 Yen Cross
Yen Cross's picture

Zynga needs at adopt a " NO SHOW", faceplant 50% rehypothetication strategy.

  Oh wait, Zynga is one of "Face Plants", revenue/input programs. Who in their sane mind would have a Facebook act?

   PERSONAL INTERACTION works best.  Video chat works well when you can't make it. Doesn't anyone enjoy some "ME TIME"?

Thu, 10/04/2012 - 19:15 | 2857759 disabledvet
disabledvet's picture

so much for that version of Digital Dollars. Thank you for playing!

Thu, 10/04/2012 - 19:36 | 2857817 Catullus
Catullus's picture

Wait? Take a charge on an intangible asset?! In the US of all places? All anyone does in this country is accept other people's bullshit as valuable. Obviously this is an accounting mistake. Run it again.

Thu, 10/04/2012 - 22:58 | 2858213 dark pools of soros
dark pools of soros's picture

Sell the farm!!

Fri, 10/05/2012 - 01:08 | 2858408 mkhs
mkhs's picture

 Zynga just bought the farm.

Fri, 10/05/2012 - 05:15 | 2858599 Machination
Machination's picture

I know more .com relics personally than I have toes and fingers.

your forgot Webvan - the posterboy

Here's a movie a friend did about his story: http://www.imdb.com/title/tt0371647/ 

 

 

 

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