Seeking Alpha

ZNGA
Zynga

5/23/2012, 7:11 PM ET
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ZNGA Market Currents more »
  • 2:58 PM Zynga (ZNGA -1.8%) plans to announce an advertising deal with DreamWorks (DWA +2.1%) later today, according to CNBC. All eyes will be on Draw Something to see if the game lands a chunk of the ad revenue after costing the company a pretty penny to acquire. [Tech]
  • 2:19 PM The Angry Birds are flying into Facebook. Angry Birds Friends, the first Facebook (FB) offering for Rovio's absurdly popular franchise, is out of beta and filled to the brim with "social" features such as tournaments. The game, which features in-app purchases, is good news for Facebook Credits, but not for Zynga (ZNGA), which has seen daily users fall for a number of hit games as competition grows. [Tech]
  • Tuesday 5:09 PM In an interview with FierceMobile, Zynga (ZNGA) mobile VP Travis Boatman says his company is focused on maintaining a "freemium" model for its games, while occasionally charging for ad removal and other features. He also suggests Zynga is open to developing for Windows Phone (MSFT, NOK), but doesn't provide any firm commitments. Separately, Zynga has announced a partnership with American Express that allows cardholders to earn Zynga virtual game cash. [Tech]
  • Monday 9:54 AM Facebook (FB -13.2%) tumbles in early trading to $33.20; even after the selloff, the company trades at nearly 23x sales and 75x trailing EPS. Not helping is BTIG's decision to launch coverage at Neutral; in-line with earlier comments, the firm is worried about Facebook's valuation, decelerating growth, and ad monetization issues. Also lower: RENN -8.3%. ZNGA -7.1%. YELP -6.8%. LNKD -6.1%. GRPN -4.8%. SVVC -7.4%. GSVC -10%. [Tech, On the Move]
  • Friday 1:22 PM Facebook's weaker-than-expected IPO is producing a tumultuous day for Zynga (ZNGA -5.7%). Shares fell 13.3% before being halted on circuit breakers. They subsequently rebounded a bit, but were halted again, and have remained that way since 12:29 ET. Update (1:44 ET): Shares have resumed trading, and are now down 8.6%. [Tech, On the Move]
  • Friday 11:47 AM Facebook's (FB +3%) weaker-than-expected debut is leading to a massive selloff in Facebook-related plays, and (to a lesser extent) Internet stocks in general. ZNGA -13.3%. RENN -9.4%. GSVC -12.4%. SVVC -18.6%. P -6%. GRPN -4.9%. YELP -4.4%. QPSA -5.1%. Facebook is now changing hands at $39.12. [Tech, On the Move]
  • Friday 11:18 AM Indications that Facebook (FB) will open in the low-to-mid $40s, below the expectations of some, have contributed to a selloff in the NASDAQ, which is now trading near breakeven. Facebook-related plays are also moving lower. GSVC -3.8%. SVVC -9.3%. ZNGA -2.4%. RENN -7.4%. Trading has been delayed, but is expected to begin in minutes. [Tech, On the Move]
ZNGA Latest Transcript more »
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ZNGA Instablog posts more »
  • Stock Market Watch Starting May 22: Taking Stock Of Social Media Stocks In The Wake Of The Facebook IPO Debacle
    Tue, May 22 danielosborne Comment!
  • Facebook IPO May Lead To Bigger Problems
    Mon, May 21 Bill Maurer Comment!
  • Trefis: Review Week Ending 18 May 2012
    Mon, May 21 John Lounsbury Comment!
  • Are We Overdue For A Rally?
    Fri, May 18 George Liu Comment!
  • Facebook Could Not Have Picked A Worse Time For An IPO
    Fri, May 18 InTheMoneyStocks.com Comment!
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Company Description

Zynga Inc. is the world's largest social game developer with more than 232 million monthly active users playing their games which include CityVille, FarmVille, FrontierVille, Words With Friends, Mafia Wars, Zynga Poker, Cafe World, and Treasure Isle. Zynga Inc. games are available on a number of... More