zynga

Silicon Valley Faces Private Sanity Check – WSJ.com

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Silicon Valley Faces Private Sanity Check By ROLFE WINKLER A wave of sanity is washing over Silicon Valley after Facebook’s FB +3.00% listing debacle, and that may be bad news for private companies looking to raise money. Suddenly, investors seem to care about business fundamentals again. Instagram surfed the wave perfectly. Despite having no revenue, it sold itself to Facebook for cash and stock currently worth $920 million. But the new focus on fundamentals makes it trickier for hot start-ups like Twitter,LivingSocial and Square to justify the peppy private valuations they have recently received or are seeking. via Silicon Valley Faces … Read more

‘s Peak? Zynga Can..

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Having just paid a pretty premium for app designer OMGPOP and their wildly successful game Draw Something, Zynga was hoping they just scratched the surface on the pictionary-like game’s profits.  It seems they might have jumped on the bandwagon just a little too late however, according to AppData’s most recent metrics on game use.  Take a look, courtesy of Business Insider: Not the kind of flatline on a chart that anyone wants to see out of a recent acquisition.  Lets hope for Zynga’s sake that OMGPOP has some more success in that pipeline..       The Hottest App On … Read more

Zynga IPO Fizzles as Stock Falls 5% – WSJ.com

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In the upside down world of good news is bad news, bad news is good news, this is actually a bullish event although on the surface people are interpreting it negatively. There is no surer way to hurt equity prices than by creating more supply.  Wall Street might not be good for much these days but they are great at floating stock when they smell the slightest opportunity.  If the Zynga IPO had stuck, greedy bankers would rush out as many overpriced deals as they could. Now they will hesitate on adding more supply to a weak market and this … Read more

Is it an Internet bubble? If So Everyone Wants In

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I’m starting to get some of the mania.  You have to think of it in different ways.  For example, who would every pay monthly fees to Ancestry.com.  Evidently there are growing numbers of people who can’t complete their curiosity in an evening.  Zynga and online games I sort of understand.  I raised two kids addicted to them.   I can’t wait until they can start paying for them themselves. But then again, time away from Call of Duty is expensive to get. Linkedin, well I personally use that one a lot but I don’t think I’d spend any more money there … Read more