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The surprise, to me at least, is that the stock dipped on day one of trading. Even us negative nellies assumed that Zynga would follow the traditional arc: IP
by tatsuke95 15y ago
The surprise, to me at least, is that the stock dipped on day one of trading. Even us negative nellies assumed that Zynga would follow the traditional arc: IPO, hype, price spike, slow fall into obscurity.
But, yeah, overall it's not really surprising. I'm a reasonably young man, but I don't recall another IPO with so much hype and disdain over the company behind it. True, they're printing money at the moment, but that's slowing. The obsession with "social gaming" will not disappear, but it will diminish. No one knows what will happen with Zynga's relationship to Facebook. Combine all that with the fact that Mr. Pincus doesn't come off as a very likable guy but still controls the company, and, well...
- moocow01 15y agoAgreed but just a small quible - Zynga just recently became mildly profitable - 25m on 500m revenue which is not exactly a stellar profit margin. So I guess the analogy might rather be they aren't printing money or rather they are printing money that immediately drops into a shredder. I agree though that I would not get my money anywhere close to this place.