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ZNGA Zingered
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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Print some more farms!
Long iPigs
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!
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...
Their logo is a dog...unfortunately, so is their stock
A guy named John has been lurking near the farms....
See, the problem with Zynga dollars was that they were a fiat currency.
We have been shorting ZNGA since $10.15.
"You can't eat ZYNGA."
No, but ZYNGA can eat it.
Baaaaw Bwaaaa
Oh My God Pop (bubble ?) !
baZYNGA!
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.
Invest in a company that is nothing, has nothing, and makes nothing, on the hope that it turns into something. A sure thing.
Are you suggesting I buy bonds?
Treasury bonds
Holographic farm animals are great eating/ with bitcoin tokens! (since everyone, other than z/h readers, has gone full [tourette syndrome} LONG!
bitcoins are great if you run a botnet.
@fuu
Huh? Where can I get enough to buy 100 rounds of .357 magnum?
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!
@Cursive, no idea.
@Yen nice? The only currency pairs I play are $/Gold and $/Silver.
Never turn your back on a trade. Clear it and start over
+1) Trade was protected with "trailing stops" ,not "s/l". I was in the $. Just no where near as profitable.
btfd !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
'annddddddd it's gone'
Can't wait till FB has to write down Instagram
ZYNGA backwards is AGNYZ
Someone Zynga'd me.
Tough crowd.
The Internets: Serious Business
Being sold....GANGNAM STYLE !
EA probably is home to some of the best sport franchise video games and its stock is a piece of shit.
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
Just a fat zinger. A minor glitch. Nothing to worry about.
Never remember seeing so many broken stocks with averages this high.
This has happened and only 12-13 years ago. What could possibly go wrong?
Pets.com, flooz, boo.com, enron, worldcom
@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.
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.
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."
don't forget theglobe.com
and you can still buy it now!!
http://www.investorguide.com/stock-charts.php?ticker=TGLO
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?
Because it never happened.
good for SPY 1500 tomorrow. Bullish
this better not impact mafia wars, i just leveled up to 1,348.
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...
maybe the goal really is to leave NY a moonscape after all. Still..someone might notice...
Leave me alone. Dammit.
http://cdn.digitaltrends.com/wp-content/uploads/2011/07/zynga-privacyvil...
Their logo is a dog...unfortunately, so is their stock
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.
You really don't know much about Amazon, do you?
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"?
so much for that version of Digital Dollars. Thank you for playing!
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.
"... too low to sell ..."
http://seekingalpha.com/article/658281-cramer-s-mad-money-who-cares-how-...
Sell the farm!!
Zynga just bought the farm.
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/