You heard it here first
Stop that. Stop that. FB does not and will not buy ZNGA. If FB wants ZNGA, it would buy it already.ZNGA can stand alone and prosper BETTER than FB.ZNGA just inked with American Express. Today, ZNGA inked with DreamWorks Animation SKG Inc. (DWA).ZNGA needs to move away from FB as "guilty by association".Once and if ZNGA inks with some gambling outfit, FB will be left behind.
Well there is that and the fact that ZNGA is growing top line revenue and is oversold. The large float eats into EPS but ZNGA is heading in the right direction in terms of revenue.$7.38 can and will be broken for another test at $8.40. The chart is finally establishing some bullish signals with this week's trend/price action.
Entry into gaming (ie; gambling) would seem like the next logical step...