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> And yes, it is completely ridiculous for a company that is losing close to a billion dollars a year to occupy a multimillion dollar office building that looks
by underwater 15y ago
> And yes, it is completely ridiculous for a company that is losing close to a billion dollars a year to occupy a multimillion dollar office building that looks like a children’s museum.
Where does a billion dollars a year come from? They lost 86 million last quarter. Is he equating operating costs or reduced market capital with loses?
- moocow01 15y agoHe gets it probably from extrapolating the average of this past quarter and and the quarter before. In the quarter before the last, net income was around -435 million although I doubt their annual net will be -1B
- underwater 15y agoThat makes sense. You can't extrapolate from two data points though. I could just as easily claim that their profit is gaining 350 million a quarter an they'll end up with half a billion in profit for the year.
- moocow01 15y agoI agree thats its not sound and their is unfortunately a tendency to cherry pick data to support one's story. I'm not bullish on Zynga but I'd agree that using 2 quarters of data (if thats what is being used by the author) is unfair especially for a relatively new company like Zynga.