Znga

Quote from S2007S:

01-09-12 09:48 PM

Zynga has had it greatest growth over the years it wasn't a public traded company, the time is to sell not buy, can zynga jump to $10 or $15 or $30 maybe, but long term growth is over for this company, once the social networking buzz fades and facebook is forgotten and millions start to leave the site for another social networking trend you will notice zynga losing a lot of those one time hard core gaming farmville fans they once had.


Lets see facebook growth is peaking out which means along with their growth peaking out zyngas growth will be peaking sometime in the next 12-24 months, so in reality this company will be lucky to even be worth over a Billion in the next 3-5 years. Growth is peaking in facebook and zynga....its a bit late to get into these names.
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So how many fools fell for this investment, hahaha

Anyone who thinks there is a turn around here better think twice. FB is headed in the same direction, I think finally people are getting the idea that this social networking trend is finally fading....anyone who though zynga was a long term investment is a complete fool. As I said months ago growth was peaking in this company as well as facebook. Growth story is completely over.


Zynga Misses Sales, Profit Estimates; Shares Slide
Jul 25, 2012 8:43 PM ET


Zynga Misses Estimates as Users Flee Social Games

Zynga Inc. (ZNGA), the biggest developer of games played on Facebook Inc. (FC)’s social network, fell as much as 42 percent in extended trading after missing analysts’ second- quarter revenue and profit estimates.
 
Quote from S2007S:

So how many fools fell for this investment, hahaha
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S2007S.... Your original post was playing both sides of the fence, you had ZNGA trading all the way to $30.00. Sort of like throwing rocks at the broad side of a barn - you can't miss.



:)
 
Well... This sucks... If they go under before my partner company lawsuit is finished there is going to be no reason to sue them anymore as they won't have the money to pay...

lol...

On the positive side, if they do go under and get split up I am launching another gaming company in a couple years.
 
ZNGA is its own special little turd, as I suggested earlier in this thread, when it was in the teens. I tried shorting it but unfortunately covered quickly when I found out IB was charging me 100% interest rates.

Don't mistake FB for ZNGA.
 
At 3$ it becomes very interesting to me as a value guy - ZNGA has 1.44 in cash and no debt - ZNGA is ~15% of FB's revenues, so I don't see FB letting ZNGA going under. That would catastrophic for FB.

I might be selling some puts tomorrow depending on how much the 3$ Puts are going for ~

FB's EPS should be good IMO and give a lift to ZNGA.

At some point FB will be a buyer of ZNGA IMO - much like how GOOG spent money after it's IPO.
 
How does a company do an IPO in december at 10 and is at 3 seven months later? And they wonder why the public won't go near the stock market.


Did the underwriters do any due diligence? Will they just bring out anything now if they can line up enough suckers?
 
Who are the morons buying Zynga in the first place? Internet stocks have always been a gamble, so I have no problem with Zynga going public, but you better be aware that you could lose all your money if you hold it all the way.
 
Quote from AAAintheBeltway:

How does a company do an IPO in december at 10 and is at 3 seven months later? And they wonder why the public won't go near the stock market.


Did the underwriters do any due diligence? Will they just bring out anything now if they can line up enough suckers?
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ABSOLUTELY agreed!!!!!

Investment bankers tee totally ruined it for everyone. We would think they may have learned their lessons from the mess they made that damn near brought down the entire financial system, but here they stand, doing what they've been doing...:confused:
 
Zynga's April stock offering was managed by Morgan Stanley, Goldman Sachs, Bank of America, and other premiere Wall Street underwriters. All of the stock sold in the offering was sold by Zynga insiders. None of the cash raised in the offering went to the company.

The Zynga underwriters were paid ~$15 million of fees to arrange this cash-out.

Zynga, the company, also paid $1 million in expenses to facilitate the cash-out (legal fees, private jet rental, etc.)

And, thanks to the offering, the Zynga insiders took $516 million off the table just before the stock crashed.

Which Zynga insiders took advantage of this brilliantly timed sale?

How much did they make?

Here are some of the selling shareholders:

Marc Pincus, Zynga's CEO, sold 16.5 million shares for $200 million
Institutional Venture Partners, a Zynga investor, sold 5.8 million shares for $70 million
Union Square Ventures, a Zynga investor, sold 5.2 million shares for $62 million
Google, a Zynga investor, sold 4 million shares for $48 million
SilverLake Partners, a Zynga investor, sold 4 million shares for $48 million
Reid Hoffman, a Zynga investor, sold 688,000 shares for $8.2 million
David Wehner, Zynga's CFO, sold 386,000 shares for $4.6 million
John Schappert, Zynga's COO, sold 322,000 shares for $3.9 million
Reginald Davis, Zynga's General Counsel, sold 315,000 shares for $3.8 million
And so on...
 
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