4 ms·

Is Sam talking about Fanduel and DraftKings?

• powera 11y ago
  Those two certainly apply IMO, they both have The Next Zynga written all over them. Any investment where you have to spend the money buying every ad on TV has a red-flag that the valuation isn't nearly what people claim it is. Actually, Zynga itself is another one (though it's a public company). I don't see any evidence Zynga will ever be a profitable company, and it has no valuable assets, so I think it's fair value is pretty close to $0.
  • vinceguidry 11y ago
    TV ads can be quite price-effective if you have the right strategy, are catering to a broad enough market, and have a good pro. Fantasy football has such broad market appeal that pretty much any ad buy is going to reach a significant number of people that play it.