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Zynga Now Worth Less Than Its Own Office Building
- jmcguckin 10y agoI thought that Zynga leased it's office space -not bought it.
- wmf 10y agoThey bought it in 2012 and are in the process of doing a sale-and-lease-back deal. About the headline of this story, it's a little silly not to count cash as part of a company's valuation since that money had to come from somewhere. But the fact that 3/4 of Zynga's value is cash indicates that people think the company is on the decline.
- jrnichols 10y agoI didn't know they bought the property. I too thought that they were still leasing it from Sega or something like that. Didn't Macromedia used to live in the same building?