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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 | Link to Comment PrintingPress
PrintingPress's picture

Print some more farms!

Thu, 10/04/2012 - 16:57 | Link to Comment iDealMeat
iDealMeat's picture

Long iPigs

Thu, 10/04/2012 - 17:57 | Link to Comment 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 | Link to Comment 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 | Link to Comment MiguelitoRaton
MiguelitoRaton's picture

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

Thu, 10/04/2012 - 18:43 | Link to Comment max2205
max2205's picture

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

Thu, 10/04/2012 - 22:09 | Link to Comment palmereldritch
palmereldritch's picture

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

Thu, 10/04/2012 - 17:04 | Link to Comment slaughterer
slaughterer's picture

We have been shorting ZNGA since $10.15.  

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

"You can't eat ZYNGA."

Thu, 10/04/2012 - 16:59 | Link to Comment fuu
fuu's picture

No, but ZYNGA can eat it.

Thu, 10/04/2012 - 18:40 | Link to Comment max2205
max2205's picture

Baaaaw Bwaaaa

Thu, 10/04/2012 - 16:58 | Link to Comment frenchie
frenchie's picture

Oh My God Pop (bubble ?) !

Thu, 10/04/2012 - 17:34 | Link to Comment saturn
saturn's picture

baZYNGA!

Thu, 10/04/2012 - 17:40 | Link to Comment 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 | Link to Comment 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 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Are you suggesting I buy bonds?

Thu, 10/04/2012 - 21:21 | Link to Comment AUD
AUD's picture

Treasury bonds

Thu, 10/04/2012 - 17:05 | Link to Comment 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 | Link to Comment fuu
fuu's picture

bitcoins are great if you run a botnet.

Thu, 10/04/2012 - 17:15 | Link to Comment Cursive
Cursive's picture

@fuu

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

Thu, 10/04/2012 - 17:25 | Link to Comment 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 | Link to Comment 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 | Link to Comment max2205
max2205's picture

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

Thu, 10/04/2012 - 19:08 | Link to Comment 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 | Link to Comment deejo
deejo's picture

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

'annddddddd it's gone'

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

Can't wait till FB has to write down Instagram

Thu, 10/04/2012 - 17:09 | Link to Comment ziggy59
ziggy59's picture

ZYNGA backwards is AGNYZ

Thu, 10/04/2012 - 17:18 | Link to Comment ziggy59
ziggy59's picture

Someone Zynga'd me.

Thu, 10/04/2012 - 18:25 | Link to Comment NotApplicable
NotApplicable's picture

Tough crowd.

The Internets: Serious Business

Thu, 10/04/2012 - 17:06 | Link to Comment Ineverslice
Ineverslice's picture

Being sold....GANGNAM STYLE !

Thu, 10/04/2012 - 17:09 | Link to Comment 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 | Link to Comment 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 | Link to Comment Temporalist
Temporalist's picture

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

Thu, 10/04/2012 - 17:13 | Link to Comment Cursive
Cursive's picture

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

Thu, 10/04/2012 - 17:24 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Because it never happened.

Thu, 10/04/2012 - 17:15 | Link to Comment Meesohaawnee
Meesohaawnee's picture

good for SPY 1500 tomorrow. Bullish

Thu, 10/04/2012 - 17:19 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment MiguelitoRaton
MiguelitoRaton's picture

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

Thu, 10/04/2012 - 17:56 | Link to Comment 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 | Link to Comment RSBriggs
RSBriggs's picture

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

Thu, 10/04/2012 - 18:05 | Link to Comment 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 | Link to Comment disabledvet
disabledvet's picture

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

Thu, 10/04/2012 - 19:36 | Link to Comment 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 | Link to Comment dark pools of soros
dark pools of soros's picture

Sell the farm!!

Fri, 10/05/2012 - 01:08 | Link to Comment mkhs
mkhs's picture

 Zynga just bought the farm.

Fri, 10/05/2012 - 05:15 | Link to Comment 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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