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He 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
by moocow01 14y ago
He 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 14y 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 14y 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.