Forum Overview :: Gamerasutra
 
Zynga's shares are taking a beating. by skip 07/27/2012, 12:56pm PDT
It's been all over the news, but Zynga's shares are now hitting new lows.

WSJ wrote:

The weak results immediately sent the company's shares into free fall.In after-hours trading, Zynga's stock fell to $3.05, down nearly 70%, from the $10 at which the company went public late last year. Its market capitalization shrank to under $4 billion, farbelow the $10 billion valuation it commanded last year when private investors were fighting to invest in the company.


They're blaming changes Facebook made in their game finding algorithm. How much longer before the end up like Digg, another social media giant that went from 160 million valuation 3 years ago to selling for half a million now But don't worry about the people who own Zynga. They coincidentally cashed out the same quarter the stock crashed.


Marc Pincus, Zynga's CEO, sold 16.5 million shares for $200 million
Institutional Venture Partners, a Zynga investor, sold 5.8 million shares for $70 million
Union Square Ventures, a Zynga investor, sold 5.2 million shares for $62 million
Google, a Zynga investor, sold 4 million shares for $48 million
Silver Lake Partners, a Zynga investor, sold 4 million shares for $48 million
Reid Hoffman, a Zynga investor, sold 688,000 shares for $8.2 million
David Wehner, Zynga's CFO, sold 386,000 shares for $4.6 million
John Schappert, Zynga's COO, sold 322,000 shares for $3.9 million
Reginald Davis, Zynga's general counsel, sold 315,000 shares for $3.8 million
And so on ...
NEXT REPLY QUOTE
 
Zynga's shares are taking a beating. by skip 07/27/2012, 12:56pm PDT NEW
    Great. Hopefully we can put the final nail in this "browser games are the FUTUR NT by horseshit 07/27/2012, 5:28pm PDT NEW
    Looks like the same thing is happening more slowly to Facebook by fabio 07/27/2012, 6:56pm PDT NEW
        Amazon and Google. Used to be Netflix. by skip 07/28/2012, 8:29am PDT NEW
            Re: Amazon and Google. Used to be Netflix. by Sam Shade 07/28/2012, 10:47am PDT NEW
        Airbnb looks like it will be the next bubble by skip 11/19/2014, 11:12pm PST NEW
            An article confirming what I said by skip 11/26/2014, 6:00pm PST NEW
 
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