Why Zynga Investors Are Losing Their Shirts
Date: Jul 27 2012
Filed under: Technology, Earnings, Facebook
Social gaming giant Zynga (ZNGA) has a new game for investors: DudsVille.
The company behind Words With Friends and FarmVille opened sharply lower on Thursday after posting disappointing quarterly results.
Analysts — including some of the investment bankers that had no problem taking Zynga public at $10 just seven months ago — have chimed in to downgrade Zynga despite the much lower price that investors can buy into today.
How bad must a report be for a stock to open 40% lower…
Why Zynga Investors Are Losing Their Shirts originally appeared on DailyFinance.com on 2012-07-26T15:05:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/07/26/zynga-stock-falls-outlook-analysis/