Zynga stock is also extremely expensive at 89 times forward earnings. By comparison, Candy Crush Saga maker King Digital Entertainment only trades with a forward P/E of 8. This means Zynga's stock still has a lot of downside potential if it continues to lose users.
I am not a short. I am a simple & sad bag holder who bought at $11 and did not have a full grasp of how the Kosher Nostra and Pinus would make their fortune at my peril.
Pinus took our money and ran! Absolutely sure they have far below $1 B in cash - 2000 employees draining us dry- Mattrick will likely resign end of year and some bottom feeder will pick up the company for $1.50- $1.75 just for the old games to sell in to Africa and deep South America.
1.) what kind of foolish CEO would re-negotiate the rich & outrageous compensation package he has in place ? 2.) the homegrown innovators left zing over the last 3 years- where have you been?
3.) their few million proven players will NOT pay!
How does it possibly exist as an ongoing enterprise ? the kosher rostra is much more powerful than I ever imagined- Bing Gordon, mister Pinus, ole John Doerr, Kleiner Perkins (under huge sexual harassment cloud).pinus sold the Pacific Heights mansion and is basking in his FB shares and laughing at we small potato shareholders of the ZYNG . . . "you gotta spend money to spend money" :(
you / we are lucky that Mister O'donnell is here! enjoy , learn & appreciate it!
He was attending an event at the SFMOMA with his wife. He spoke to Andreeson and then moved along to chat it up with Reid Hoffman and stopped and had a long visit with Bing Gordon. Mister Pinus was glowing, dapper and super cocky and unusually beedy-eyed as he glided around in a slick expensive shark skin suit. I was envious as his server and thought to myself ' what a specimen". Should I be bold enough to ask if I could be his driver , or gardener or assistant. Then out of no where he turned up his hook nose and bolted! I never saw him again !
no proof that the cash is there at this point in time and revenues are down and the cost to gett theses revs have soared - "world class" management- I presume you are pulling our chain- right?
why would you discuss insecure egos on a finance board? are you ...?
krunla, my guess is that you read 'every' word of Mister O'Donnell's brilliance (and maybe it frustrates you that you, nor I, nor most can wax so eloquently as he does)... I assume you do not understand the concept of rancid karma & that Honestly you yourself already may be entangled in it.
What are the chances of Mr. O'Rothschild funding you to host China Girl and the your other fellow shorts to an evening of fun and festivities @ The 21 Club? Would he sponsor the event after zing breaks under $2.25 or will we have to wait for the final $1.99?
Deadbeat , if you could see China Girl (which I have) you would totally change your opinion- she's hot!
Pinus Pacific Heights mansion put on the market this morning!
"I drink Scotch whiskey all night long, and drive behind the wheel."
ZNGA longs, I just want to remind you of this rather somber fact.
No matter what happens to this pathetic stock, the insiders exited long ago.
They did so at the price of $13- and their total haul was in excess of $600 million.
Take a look at the list of names.
Katzenberg, Pinus, and that ilk.
Pinus' take alone was more than $200 million.
These are the ways of the Kosher Nostra.
Dumping into the foolish hands of the Goye.
Their ill gotten profits are already secured.
While you sit on massive losses.
"Spank me again. I like it. Harder!
It hurts so good."
Mine is not to wonder why.
The ZNGA death spiral is by no means complete.
And now you are paying Dr. Don more than $1 million per week.
Isn't there something slightly amiss with this picture?
You shall reap that which you sow.
Which in this case is absolute delusional stupidity.