Any major dude will tell you the pretzel logic of ZNGA.
When we are not trading stocks or making adult movies, China Girl and I share an obsession of music. Sometimes, she even allows me to plug in my guitar amp while we casually observe the ongoing death spiral of ZNGA. A sad minor key is generally most appropriate, as this has been a long drawn out funeral. Services have been pending for the bull dog essentially since the IPO.
When China Girl and I stand under the swaying banyan trees we often listen to this tune:
Up on the hill
(Not on Yahoo Finance)
They think I'm OK
Or so they say
Chinese music always sets me free
Sound good to me
When my dime dancin' is through
I run to you.
Becker and Fagan are individual geniuses, but the sum is much greater than the parts. Can the same be said for ZNGA? No, it cannot. Imagine, ZNGA for a few fleeting moments had a market cap exceeding that of Alcoa. If that weren't insanity, I don't know what is. The last time I looked, Alcoa still produced real things beyond the virtual world. All hope rests on gambling, but isn't that what you are doing at this very moment? The stakes are quite high.