I've now lost thousands and thousands of dollars on this turd, i got in at the FB ipo and have ridden this to a 30%+ loss currently and I invested alot then bought more as it went down. they say the market will always correct itself given enough time. In all reality and fairness isnt this stock being unfairly punished for no real justifiable reasons? I mean what has changed in real life with the company fundamentally that deserves such a free fall in its stock price? Should i jump ship at this point and save what money i have left (I put in 20k initially). I've ridden other stocks to zero in the past and horrified thats whats happening here, but i feel somthing else is going on with Znga and that the company itself is doing just fine.
good point, its ties to facebook, facebook goes up each day while znga which depends on FB for its profits goes down dramatically, there is ZERO tie in the stock price between the two, despite the reality that yes these two stocks are linked together. Again makes no sense, and to me indicates an error in what its actual value is, which the market will be forced to one day correct. I'm looking for a major known fundamental problem or dramatic change, and i just dont see it. What i do see is this dropping like a stone in water, and dont want to be the ultimate bag holder because i "have blind faith" in this turd.
Zynga doesn't care about it's customer. Their games have bugs that don't get fixed.
Three years ago, Zynga would have been a buy. Now, they will most likely be gone in 2 years do to lower DAU and MAU numbers.
"It's going down because it was a hyped and pumped up fad and you got suckered. Use this as a lesson" this is not true either, yes it was hyped, however the hype had zero coorelation to the current stock price which sits at a 52 week low. I can understand it it were around its initial IPO pice or slightly lower, but the hype has been removed from the stock price a month ago at these levels. Am i wrong? I'm a amateur, but all i see is humans making foolish assumptions which do not determine the actual profitability or lack thereof of this company. Just a bunch of lemmings following each other jumping off the cliff.
cramer doesnt work for znga and in the larger pictures has NOTHING to do with the stock price, regardless of his individual opinion. also the other answer was garbage too, and has nothing to do with actual profits, just speculative. No new games doesnt necessarily translate to poor profits, FB isnt down in membership anywhere near how far down this stock has dropped. Facebook would have had to have lost HALF OF ALL ITS MEMBERS to justify this!
He wishes that he had that kind of influence. It was the negative report from Cowen, and the stock breaking a new low. That idiot is nothing but a talking head, like the rest of the idiots on cnbc.
I am almost the same as yourself, cannot believe the hit this stock is taking. Nothing I can find right now to justify why down so much, other than stock manipulation which is all too real. Also, I do have a good friend in middle management in Zynga that tells me this drop is unwarranted. Knowing someone in the company keeps me going, but it is so painful!!!
i dont know your or your source, however it is somewhat comforting. Another $1,000 dissapeared today, its depressing. I get it if i'm riding this to zero because of some known bad issue, but i just dont see it. Honestly what changed in Znga over the past 2 months? NOTHING,tell me i'm wrong so i can sell and know its the right decision because right now i just keep accepting the daily bludgeoning
Less people using facebook. Games are just repeats of themselves, nothing innovating.
The only way this stock will turn around is if they get approved for "gambling".
I use Facebook, but I'll be glad when it's gone.
its in this free fall state and i dont understand it, ZERO bad news, insiders are BUYING not selling. Is this just outside forces (shorts) that have nothing to do with the actual health of the company manipulating the stock price? In other words is its current price justified in all reality or will it be forced to correct itself upward at some point due to the imbalance?