And then all of you shorts will be screwed.
BTW, FB prices at top of the range. So let me get this straight, FB gets 15% of their revenue from ZYNGA and has a Market Cap of 100 Billion yet ZYNGA has a Market Cap of >6 Billion? 6% of FB's revenue? This is a joke. The 52 week low has been set. Stick around long enough and watch a short fry.
Let me say this outloud. ONLINE GAMBLING IS ILLEGAL IN THE US. It is not going to change overnight, Zynga or any other company is looking at a horizon of 5 or more years for this to be legal (maybe) in all states and make a profit.
5 hours ago
"individual states will start approving it on their own within the next two years, panelists at a major casino conference predicted Thursday."
8 hours ago
"A bill authorizing online betting in Delaware and allowing more venues for sports wagering and other types of gambling is on its way to the state House for a vote."
"The U.S. Justice Department says states can offer Internet gambling so long as it doesn't involve betting on sports teams. The ruling allowed Illinois to sell lottery tickets online, but it also opened the door to much broader gambling options."
just a few articles of MANY in the past 2 days regarding online gambling. It is legal at the federal level, just not legal at the state level. some states will recognize their ability to increase tax revenue and will likely approve.
Let me say this LOUD and CLEAR. This Company Needs Nobody.
Not Facebook, Not Wynn, Not Anybody.
Comprende? Let me be sure you understand as this will be MY LAST POST HERE FOR A WHILE (I'm holding a few thousand shares-CASH).
This Company Needs NOBODY; They are in Control. Hope you Heard me.