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"surprise" loss? I guess a lot of people are surprised by things that seemed obvious to me. Zynga's userbase consists of fossilized shut-ins who don't know th
by beedogs 14y ago
"surprise" loss? I guess a lot of people are surprised by things that seemed obvious to me. Zynga's userbase consists of fossilized shut-ins who don't know they're wasting money buying virtual trinkets online. As they die off, their revenue stream will too.
- nandemo 14y agoAs far as Zynga stock owners and traders are concerned, it is by definition a surprise. If the loss had been expected then the price would have gone down earlier. Alternatively, one could argue "hey, I knew that a large loss was possible, but consider that a large unexpected gain was also possible, so the price I paid last week as fair". In any case, the loss was not certain.
- nandemo 14y ago(typo. I mean "so the price I paid last week was fair")
- jmount 14y agoI think it is a "surprise" in that Zynga didn't inform analysts it was coming.