Zynga falters in debut, sheds doubt on IPO market

Comments (10)
moneywon wrote:

Just how exposed IS Reuters to Zynga? Maybe a new web site for those who want news that’s not related to inflating the price of a worthless company?

Dec 16, 2011 8:16am EST  --  Report as abuse
spameroo wrote:

Yeah, I can’t think of a better sign of a bubble than people getting all into a tizzy and buying 1 billion dollars worth of stock in a company that makes crappy shovelware Flash games and then scams money out of the idiots who play them.

Dec 16, 2011 3:18pm EST  --  Report as abuse
Bitwise wrote:

Investing in a company with products that require users to either be retarted or extremely bored…not such a great idea, I say.

Dec 16, 2011 5:20pm EST  --  Report as abuse
MantisVyden wrote:

It’s official. Investors are idiots.

Dec 16, 2011 6:17pm EST  --  Report as abuse
Ashishnfl wrote:

Investors are Elite Crooks Banks too big to fail who are promising false return on pension funds and peoples hard earned investment(401k) then enforce austerity if their bets fail because government is there to rescue then. Wellcome to world of Goldman Sachs example Jon Corzine 40 to 1 leverage and never stolen segregated account on chicago mercantile history of 150 years. Put some of these guys in Jail and this will stop.

Dec 17, 2011 1:04am EST  --  Report as abuse
Ashishnfl wrote:

Forgot to mention i won’t buy zynga for penny..IMHO

Dec 17, 2011 1:06am EST  --  Report as abuse
johnjcpa wrote:

Isn’t there any relationship between actual earning profits over a period of time and value anymore.

Dec 17, 2011 12:12pm EST  --  Report as abuse
Randy549 wrote:

The problem is the CEO, Mark Pincus.

Pincus’ shares are priced the same as others, but *his* shares have 70 times the voting power of other shares (at his insistence). Why in the world would I want to share ownership of something where I have 1/70th the control of the other guy?

The other problem is the well-publicized recent case of him telling longtime employees who’d been given stock options in the company, that they either had to give back the options or be fired. Talk about not keeping your part of a deal!

And this is the guy who wanted a 70-1 ratio of control for himself? Let him go pound sand!

Dec 17, 2011 1:38pm EST  --  Report as abuse
Sarasvati wrote:

Reuters: you need to update the article’s link. This one connects to the much earlier article that writes about the IPO as a success.

Dec 17, 2011 1:40pm EST  --  Report as abuse
Renox wrote:

The real value of a company like this is around $10 Mil. After the IPO, the CEO will want to take home that much, so its value will be close to ZERO. Clever investors will throw about a few billions in a hope to make some quick money, but eventually it is a recipe to lose billions in a very short time.

Dec 17, 2011 3:22pm EST  --  Report as abuse
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