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Zynga Stock Drops Below IPO Price Within Minutes Of Breaking
The IPO "flip" now has the same attention span as everything else in the market. After pricing its IPO at $10, and breaking well above, even hitting $11.50 momentarily, the stock is now trading at $9.51 and probably about to be halted within minutes of first seeing public trade. Another epic win for the GS-led underwriting syndicate. As a reminder - if Goldman is selling you something, don't buy it. And who could possibly think that virtual farms aren't real cashflow positive?
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Farmville Bitchezzzz!!!....Equity 400 MM Income $200 on their best year as that stupid game fades away.....Market cap 6.7 billion. Management so desperate to cash in that they IPOed on the first market uptick of this month
If you are too blind to see that this type of activity marks the end of the ponzi, then you deserve what you get!
You read it first on ZH last week: much touted eurozone 26 country agreement falls to pieces as constitution in most of eurozone countries PROHIBITS transfering fiscal authority to a foreign entity. Merkel now accepts her defeat and claims "only 9 countries are needed for the ratification of the agreement".
http://www.marketwatch.com/story/only-nine-eu-states-needed-to-ratify-ne...
OT, perhaps it should have been named Zingggggg....ahhhhhh! Names are important, surprised they did not see it coming.
That IPO is going to be a Zinger. Quite an un-imaginative company anyways, from a gaming pursepective too.
Somebody somewhere is making a lot of money on this. I wonder who and how.
ori
/this-that-and-the-4th-reich/
I'm thirty-three and I never would have imagined that we could have dot.com bubble 2.0 already! People need to wake up and realize that the total sum value of all the internet, all the marketing schemes, all the social media, all the add-sense, all the micropayments is only worth $0.
The public internet is the greatest triumph of modern communications and engineering and it is nominally worthless.
I almost agree. I would say the internet is priceless. There is money is in the infrastructure and maintaining this communication. No real money trading virtual goods. The ones who trade real goods have made a good business online.
>>>If you are too blind to see that this type of activity marks the end of the ponzi, then you deserve what you get!<<<
Yep. This is definitely a pets.com moment.
I want an angry birds IPO!
Golman has already valued it at a Gabazillion dollars!
You can buy it in hong kong!
http://economictimes.indiatimes.com/news/international-business/angry-birds-maker-eyes-hong-kong-ipo/articleshow/11134133.cms
Pincus is a genius. Just ask him.
"You better gimme that stock back !!!" hahahaha
Pincus to employees-
"we have provided you with a cafeteria and sports bar. You never have to leave. ROW WELL AND LIVE !"
Zingar in portorican, venezuelan and many other LatAm countries means....
Zynga tu madre!
Aaaaaaaaaaaaand we have a winner.
I'm shorting already...
I tried, not marginable yet!!
Lol
Zynga was an up-and-coming tech company, then they took an arrow to the knee.
You have contracted dysentary.
If they could find a way to monetize those clicks, they'd have it made. My wife goes through mice quick, though luckily she's becoming a professional Scrabble player. Now, if she can only find a sponsor...
I think she found one. Why do you think she got married?
Isn't GS preparing the Facebook IPO?.......
Check out 10 year bond....yield is collapsing! And stock market rising.
Yeah, check out the VIX. Looks like we close in the Red or flat.
Yup. One of these two markets is dead wrong. Something tells me it's not Treasuries.
I disagree somewhat. TNX is most likely correct.
The Vix is just showing bulls are asleep at the wheel. It seems they aren't buying protection or shorting which could be in the next leg down for us bears.
GRPN will make you more on the short side. Buy yeah...this whole batch of LNKD, GRPN, ZYNGA etc is a godsend.
When I compared the $8.7B market cap to ERTS at $6.9B, no further analysis was needed to know that this was all kinds of silly.
Plus all the games are suck job wastes of time.
But Chinese like to gamble, so this company is worth billions. (this is highly technical analyis, so don't worry if you don't understand)
I'm pretty sure that was sarc. If not, there are plenty of non-corrupt internet gambling companies that have been booted off of US shores by Congress. Zynga is not one of them.
The Chinese make their prisoners work during the day at slave labor manufacturing jobs and at night earning on-line gaming credtis for sale to idiot Americans who don't have anything better to do with their money than buy credits to play a free game.
I am outraged at all the clueless morons buying this crap and other tech rubbish while real money and miners are getting blowtorched. Epic misallocation of capital.
Isn't that just DTCC induced naked shorting to suppress price ?
IF these crooks ever lose their grip on the strings I can imagine the most spectacular rise in gold/silver the world has ever known.
Correct. That is what the whole paper money fiasco machine is designed for. It's designed to get people to misallocate capital. The Austrians call it "malinvestment."
It means that making money is a function of connections; if you are connected, you have access to capital. Forget that it's possible to make money rebuilding the roads in my town. That won't get funded. However, DrKoop.com, er, excuse me I meant Zynga, no problem.
It's a waste of time, a waste of money, but most importantly a waste of peoples' lives. Imagine how many people are tied to this stinking / sinking ship, accounting, back office, sales, whatever, all of whom could be leading happy, productive - and profitable - lives, but they are enslaved to the paper ShitShow. Zynga. Nice.
Thank you, Rockefeller, thank you Warburg, thank you especially Senator Aldrich, you shitbag. All of you. Thanks.
Very good perspective. But WHO is going to stop the madness and WHO is going to stop THEM before we all end up in the crapper?
We are going downhill fast. So much for "evolution".
i could not give you a green arrow!! even though I wanted to. Here is +1.
Wow! Who'd thunk it? I crappy overvalued Internet IPO dropping below it's offering price. Does this mean people are looking at fundementals finally? Somehow I doubt it.
It's truly amazing that GS consistantly 'offers' their clients so many pieces of shit that, at a later date it becomes known, they themselves had so many bets against. Almost as if they view their own clients as sheep to be sheared. Well, actually, that's all very understandable considering the vampiric, immoral, and criminal source that is GS. I guess what's amazing to me is that their clients continually fall for it! I mean, they convince their clients time and time again to buy into the crap that they're selling and then it comes to light, time and time again, that GS themselves were heavily loaded up against the very thing that they were touting as a great investment just days or weeks before. So, they make money on both ends, commissions selling you the shit and huge profits from betting against the very same shit!
I don't see why everyone have such a problem with this company? They make a product people want, and they seem to do it pretty damn well. Have you seen how many people are addicted to these facebook games and how they blow money getting extra virtual perks in the "free" game. Unlike most of the other tech IPO's I personally think this one might actually be worthwhile.... at least until the market goes boom.
Take a look and decide if something like this deserves the valuation it received in this market.
Looks like another pump and dump.
Can you still buy shares in the pet rock company?
Now we just have virtual pet rocks. Or virtual gardens.
Well when shit goes south maybe they can virtually eat their virtual food?
One saying to live by:
"Never underestimate the power of stupid!"
pods
Double post sorry
Check out Zynga's Alexa ranking. Web traffic down every month since mid 2010 except for the last two months..probably due to ipo hype. They did this ipo just in time to pull a big pay day...lots will get fleeced on this one. Seeing lots of twitter folks with names like "Dentist101" etc dropping their savings into this thing today...
Yeah! someone finally knows what an Alexa ranking is, Page Rank, BackLinks etc. Domaining is better than picking stocks because you don't have the Bernake to mess with your traffic. Just google.
zynga lobbies insider politicians, insiders get in high, short immediatly, make lotsa money for the holidays. meanwhile, the sheeple will be suckin' shit thru a straw! but all is not lost, for my storage locker is full to capacity with rope and noose! lamp post ornaments, here we come!!!
Well youll love this one, right on cue for war hype-up heres a group of dual-citizenship lawyers and judge that has ruled IRAN...yes IRAN...is now responsible for 9-11 false flag! Can ya believe it!
Judge FALSELY Rules Iran Connected To The Zionist False Flag Attack on 911 - YouTube
So do we have to apologize to Iraq for bringing them democracy?
Or afghanistan for replanting their opium?
pods
Hmm, I'm sure Pakistan positively luvved all those wedding party "noisemakers!" :>D
I'm still waiting for the greatest short of our time to make it to market, Facebook. Probably going to be too late or at a greatly reduced valuation that reduces the shortability somewhat.
Poor whales don't get a pop so they can offload their crap on some unsuspecting minnow.
They will all trade at 30c in about 2 years.
More like 6 months.
"and probably about to be halted within minutes of first seeing public trade."
Priceless
I can't help but think of the game "Jenga" being like Zynga.
The winner is the one who takes the most pieces out before the whole thing collapses. LOL
Hillarious! Market makers reduced to pump n short IPO's to make any scratch at all.
...and people continue to fall for such things. Amazing, simply amazing.
Zimberrrrr!
How the fuck does this company make money? Lemme guess...ADVERTISEMENTS!
'Eyeball-counts'....same shit as the Dot.Com nonsense.
The GS insiders have already sold at a profit.
moooo, mooooo. baaaaa, baaaaaa.
{BANG!!!!}
No more, no more.
You're a genius but on this one you should have used the dog logo in the left hand corner but had the stock price going downward from its ass. Turd on end would be a bonus.
I opted for the dead dog with the price coming out of it's ass ;-)
GS to investors: Bazynga!
but my broker told me farming was the future, and that zynga was the best farming play out there!!???? what went wrong!????
They will make money by paying shareholders in zynga dollars...
One funny money for another
why would trading be halted?
how does zynga make Money?
I play words with friends and I see no advertising and if memory serves, the app was free.
Hey baby, do ya wanna Zynga?
I'll show you my zynga if you show me your Volvo
Zynga's executives are morally bankrupt... forcing employees to give back stock options pre-ipo or fire them if they don't(1). Now the assholes are billionaires just like most morally bankrupt asshat executives in America. They said they were trying to avoid a "google chef" scenario... because assholes are the only people that deserve to be independently wealthy in the eyes of the Zynga executives... not the "little people".
"I did every horrible thing in the book just to get revenues"(2) said Mark Pincus, CEO of Zynga... referencing their scammy offers and malware toolbar installs that gave the company it's initial revenue.
I hope this company crashes and burns and these assholes lose thier shirts.
(1)http://www.itworld.com/it-managementstrategy/223393/zynga-stock-options-...
(2)http://techcrunch.com/2009/11/06/zynga-scamville-mark-pinkus-faceboo/
Not only that the price point they gave them shares were $14 and above...ouch! Anyone needing to hire developers? I would start poaching Zynga today.
Investors and employees in particular will be banking on Zynga’s price to pop tomorrow. Earlier this year, the company sold shares to investors for $14, roughly 30 percent higher than the $10 price. Some employees’ stock options are rumored to be issued at even higher prices.
The worst-case scenario is that the stock falls. In November, Groupon’s shares jumped by 40 percent on its first day of trading, increasing to as much as $30 from its intial $20 pricing. But by the end of the day, it settled down at $26, and in subsequent weeks, fell to as low as $15.
http://allthingsd.com/20111215/zynga-confirms-its-billion-dollar-public-offering/?reflink=ATD_yahoo_ticker
bingo..' Some employees’ stock options are rumored to be issued at even higher prices.'
that is the whole point of putting the stock out at $10 since the rumor was that all the developers were going to jump ship ASAP from the psychotic working conditions there.. and the CEO giving himself 70-1 voting rights shows you how far he goes for total control
the employees had free trading stock at the IPO?
SEC.. hello!!!
Zynga is a joke, $1 stock at best. All its business fundamentals have been in decline and they're giving it a $9 billion market valuation?
One billion dollar IPO for a company who makes a virtual farmer game, based on a 30% revenue from its sole platform that is facebook.
It'd be quite ironic if all those early investors take the majority of their investment and start buying real farm land. No?
From the bright side, all these zombiefied morons who waste hours upon hours on this stupidity, will hopefully -and subconsciously- remember something when the only work they can find in the near future, is in some farm cultivating chickens or butchering corn that isn't made of pixels.
<YOURFRIEND> needs <NUMBER> <OBJECTS> to get an <OTHER OBJECT>.
<YOURFRIEND> GS
<NUMBER> millions
<OBJECTS> shares sold
<OTHER OBJECT> bonus.
I am Jack's complete lack of surprise.
I was expecting a longer pump and dump- clearly the deleveraging in the general market has people running to dollars the minute they can. Like LinkedIn, a 2 week retarded bot blast and then selling. Goldman must have zero confidence
You could short the 'Social Media' ETF. SOCL. Might be a real good play before the FB IPO.
From Zynga's S-1:
We rely on a small percentage of our players for nearly all of our revenue.
A small percentage of our players account for nearly all of our revenue. We lose paying players in the ordinary course of business. In order to sustain our revenue levels, we must attract new paying players or increase the amount our players pay. To retain paying players, we must devote significant resources so that the games they play retain their interest and attract them to our other games. If we fail to grow or sustain the number of our paying players, or if the rate at which we add paying players declines or if the average amount our paying players pay declines, our business may not grow, our financial results will suffer, and our stock price may decline.
the majority of the players just dick around with the games with their long lost relatives that they never get to visit to 'stay in touch' without having to actually talk to them
those games are only great when you are bedridden on meds from major surgery...
"If we fail to grow or sustain the number of our paying players, or if the rate at which we add paying players declines or if the average amount our paying players pay declines, our business may not grow, our financial results will suffer, and our stock price may decline."
Oops! It appears you failed already. $9.69 going once, going twice...do I hear $9.68?
Anyone? Bueller?
How about shorting ZNGA here and upon settlement, using Farmville Cash (FV) to meet my margin requirement. Or, according to Farmville, I can fill out marketing surveys to generate FV and upon completion perhaps Farmville can directly credit my E-Trade account.
BREAKING NEWS: Zynga introduces StockVille, where one can farm Zynga stocks to sell on NASDAQ.
Cheese Doodle stocks.. that's what I call them; because they're mostly filled with air and taste like shit after the first bite.
Zynga's price didn't drop... everyone just started using groupons to buy it at a discounted rate.
Hooray IPO's!
Should I expect a 50% discount then? ;)
Good things (and bad!) come to those who wait...
The Big Boyz are getting desperate. Pumping and dumping like cowboys now? They don't even try to run up the stock first?
Yup, there's a global liquidity problem my ass. This joke of a company can snap up 6.5B in real dollars, not farm bucks, but the sovereigns can't find any money. BS -- it's all social engineering. There is going to be some coal in some pension fund accounts this year with this bad boy.
Maybe it's the catchy name. I guess I'm going to push a new company to IPO -- PullMyFinga.
Who would buy this, you would have to be major delusional!
Symbol should have been Zzzz.
Last March I went to the zynga poker convention at the Palms. It was a great deal, poker instructions all day with lunch and dinner with an open bar plenty of poker celebs etc. The next day a poker tournament that the local pros bought into. The winner I think made 14 grand in 5 way chopped pot.
I am hoping they do it again, most of the people who showed up were donks like myself and fit the "type" home alone playing zynga games, we were the fish for the pro's that took over the top spots in the tournament. The poker instructiion was good- they hired a lot of local poker pros to sit in and play hands and give us tips, kind of like a golf pro am.
The people from Zynga worked hard and they all pitched in to get the thing working, I was impressed by the way the brass helped out setting up the tables etc. I would guess they lost a lot of money putting on this show with all the poker celebrities and there were pretty big names there.There was only 200 of us there at $150 for the weekend so they were way in the red on this.
The poker on zynga can be really bad and it can be really bad . I play the high end sit n go's and if you get to the final 3 and get into the heads up play you can learn a lot, I won a $250 heads up match on my merge site and I attribute that to my zynga experience.
I have bought chips from them but I dont seem to lose them but if you look at the profiles you'll see about 80 percent lose chips on there so they must make money on the chips.
If you hear of another zynga convention jump on it, the buy in at $150 is worth it if you're good in poker because first place is $27,000.
Clueless morons need to stuff to buy.
The valuations on these RIDICULOUS companies is nauseating.
This at 10 billion when FFN is trading at nothing.
lol