It takes 2 to duet and the Stranger wants to Duet with you.
If Dewey Cox can duet so can you.
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In early trading today ZNGA already hit another all-time low when the stock sank to $2.85 per share. Since the release of the Financial Results Zynga Reported For Its Second Quarter 2012 Investors became skeptical and it showed in the stock quotes. This is a new stock and it is only the second reporting of Zynga’s financials since it’s IPO. But, Remember this, the company is still trying to establish itself as a force in the markets.
With the type of business that Zynga is and being amateur in the markets Zynga is going to run into some speed bumps. It is very risky to invest into a company that relies solely on the popularity of it’s product in order to generate revenue.
Currently Zynga only sells virtual goods. The company is branching out and looking into other ways of generating revenue. We just haven’t seen them yet. I have made 2 posts in the past regarding 2 such ventures that have the potential of making Zynga a high quality investment. The 2 posts were;
Zynga.com Your New Destination For Play
In the Zynga.com Your New Destination For Play post I mentioned
Zynga Has Also Recently, On February 9th 2012, Made Agreements With Hasbro To Develop A Wide Range Of Products Such As Toys And Games That Will Be Based On Popular And Iconic Brands Of Zynga's. There Could Also Be An Array Of Co-Branded Merchandise.
In the Zynga Taking To The Airwaves post I covered the concept of a new TV show that will be based on Draw Something.
It might be time to draw out the checkbook and consider buying some Zynga (ZNGA) stock shares. Why? Because Zynga and the CBS network are developing a new game show that will be based on the popular Draw Something application.
If Zynga is still pursuing both of these ventures then this stock looks like a bargain while it is selling for under $3.00 a share. This means that you should buy now and stay in for the long haul.
In the mean time, Zynga should try retaining it’s player base that it has in it’s games. Especially those games, like Mafia Wars, where they could easily be adapted into both ventures of toys and TV.
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The Lucky Stash Has Been Updated and the loots are now available.
As you can see the current jackpot (shown in the above image) isn’t very high as in comparison to past winners. You can read more about that here; Lucky Stash Winners Rate Drops As DAU Drops.
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Who’s ready to fight?
From now until August 3rd, 2012, at 3 AM EST (Midnight PDT) you can earn 2 times the loot while fighting in any location. So be fast and be furious and earn your double loot while you fight.
Ok, there really isn’t much to fight for right now since everyone is likely maxed on the latest fight loots.
Therefore, it really doesn’t matter much.
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The next set of Collectable Stat Cards is going green. This collection will be called ‘The Retribution Collection’. It will be the 6th release in the Collectable Stat Card series.
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Who’s blowing smoke? Who’s playing a better game Zynga or Facebook?
As you can deduce from the 2 charts above the shareholders of ZNGA nor FB are currently not faring well in their investments. In fact, both companies stock quotes are currently flirting with all-time lows.
Between late January and mid April ZNGA did have quotes that were above Zynga’s initial IPO.
On the other hand FB (Facebook) has never sold for more than it’s IPO.
Yes, we poked some fun at the Zynga stocks back upon the release of Zynga’s IPO. On Monday, December 14, 2011 we made a post that we called; Zynga Has Seen Sunnier Days Before ZNGA. We even called ZNGA a penny stock within that post. We knew that ZNGA would struggle and even started a satirical Zynga charity. After all, Zynga is a tech company which only sells virtual goods. It shouldn’t have taken a brain surgeon to figure this one out.
Upon the announcement of Facebook filing for it’s IPO investors gambled on ZNGA (ZNGA Rocks On The Stocks) around February 3rd, 2011 and ZNGA share quotes rose in anticipation of the FB IPO. Many investors thought the 2 companies would work hand in hand and help each other since Facebook claims to make about 12% of it’s revenue from Zynga. That didn’t happen.
We now have many law firms investigating Zynga (Zyngas Shareholders Thrill Ride). We also have more rumors and speculations like a Facebook takeover of Zynga. Here are some quotes from seekingalpha.com;
Facebook Torpedoes Zynga: Takeover Possible? |
“Let's be frank, Facebook needs something to reaffirm the public perception about the company. As bad as Zynga has been sinking, Facebook is not far behind.” “Whether or not Facebook deliberately drilled a torpedo into Zynga's future is of course up for debate, and something we will probably never know” “the fact remains that now rather than later Facebook should take a serious look at acquiring its partner and then adapt their pages to be Zynga-friendly” “Once in control of the company, they could then decide to vault all of the Zynga products to the front of the line. Forget the old theory, they could decide internally that the old way was suddenly the best for them. They would happily admit their mistake, and then business as usual.” |
The only thing that is certain right now is that Zynga needs to make some money and tons of it.
Therefore, I’d expect to see more and more events and sales features that players may need to purchase RP’s in order to complete. The adverse affect will be even more players leaving Zynga’s games. Which, ultimately, will only worsen the problem.
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Today's your lucky day. The Stranger watches your every move, and has chosen to reward you with some swag. Spread the word of her mysterious generosity and post a feed to earn up to three items. Click on a feed to earn up to two items.
This game is kind of like a horse ride. It can be fun, addicting, and enjoyable (at times). Mafia Wars can also be like a horse since Zynga’s dev team and management can be stubborn. In addition, the game can also can be bumpy, it can throw you off, and it can leave you frustrated….. For some reason many of us get right back on to do it all again.
For those of us who will get back on the Mafia Wars pony ride there are 4 more Stranger’s Swag loot items we’ll soon see. These include the Lipizzaner (released today), Big Made, Peddler, Blushing Cheek and Duet.
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Everybody’s favorite event, Mafia Poker, will be returning soon. This time the loot is punked…that is it is a Punked Canon. And you won’t see that on MTV.
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So, Zynga screws it’s shareholders in the “REAL WORLD STOCK MARKET” so they offer to Mafia Wars players what is in essence a small interest bearing bank account.
To buy into one of these ‘Daniela’s Deal’ bank accounts you need to deposit 260 reward points (RP’s).
For your investment of 260 RP you’ll get a return of 10 RP once a week.
Now, i can do the math and the result I came up with is that it will take you a year to ‘Double Your Money’. I don’t know about you, but I may not be playing this game in a year from now.
The cold-hard fact is that Zynga needs revenue and this is the latest among the grandest of Zynga’s schemes to generate revenue.
However, if you do spend money on this game and you believe you and this game will be here a year from now then by all means buy into this feature. It only takes time and you do get 260 FREE RP.
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ZNGA shareholder’s have likely already seen the high’s of the this coaster ride and it is all downhill from here. I don’t believe that ZNGA has seen the lowest valuations yet. But there are lessons to be learned -
For the game companies and the investors as well as Zynga’s exec’s -
And Zynga’s attorneys as many Law Firms are now investigating Zynga for possible securities violations and even fraud.
Shareholder Alert: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by Zynga, Inc. (via PR Newswire)
NEW YORK, July 26, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of Zynga, Inc. ("Zynga" or the "Company") (Nasdaq: ZNGA) securities concerning possible violations of federal securities laws and breaches of fiduciary duty.
For more information, click here: http://zlk.9nl.com/zynga-znga.
On July 25, 2012, Zynga released its financial results for the second quarter of 2012, reporting a net loss of $22.8 million and substantially lowering its outlook for the rest of the year. Upon this news, shares of Zynga fell 40 percent. Zynga shares have fallen 70% since its December 2011 Initial Public Offering.
The investigation stems from concerns that Zynga misrepresented and/or failed to disclose materially adverse facts about its business and financial condition. Furthermore, certain Zynga executive officers sold a combined 43 million shares of Company stock during the second quarter of 2012, shortly before Zynga reported poor financial results.
If you own Zynga stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/zynga-znga.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.comSOURCE Levi & Korsinsky, LLP
Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Zynga, Inc.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP announces that it is investigating whether certain officers and directors of Zynga, Inc. ("Zynga") (Nasdaq stock symbol: ZNGA) engaged in fraudulent conduct or breached their fiduciary duties to shareholders in violation of state and federal securities laws.
Zynga describes itself as the world's leading provider of social game services, providing on-line gaming principally on Facebook and mobile devices.
On July 25, 2012, Zynga announced a net loss of $22.8 million for the second quarter of 2012, and drastically lowered estimates for its revenue for the full year. On this news, Zynga's common stock dropped nearly 40%, to $3.10 per share.
In a secondary stock offering in April of this year, certain of Zynga’s officers, directors, and investors sold over $500 million worth of their stock.
Johnson & Weaver’s investigation focuses on whether certain officers and directors of Zynga breached their fiduciary duties by failing to inform investors of material adverse information, including declining sales and revenues, while at the same time selling their own shares.
Investors who purchased shares of Zynga common stock at any time before July 26, 2012, including those who purchased during the company’s IPO in December 2011, and who currently still own any shares may have legal rights to compensation.
Johnson & Weaver, LLP invites Zynga shareholders who are concerned about their legal rights and remedies, as well as others who may have information about the above, to contact attorney David Elliot at (619) 230-0063 or davide@johnsonandweaver.com.
Johnson & Weaver, LLP is a nationally recognized shareholders’ rights law firm. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
Johnson & Weaver, LLP
David Elliot
619-230-0063
davide@johnsonandweaver.com
X-X-X-X-X-X-X-X-X-X-X-X-X
NEW YORK - (BUSINESS WIRE) - Newman Ferrara LLP (www.nfllp.com) has begun an investigation on behalf of shareholders of Zynga, Inc. ("Zynga" ) (Nasdaq: ZNGA) into potential violations of federal securities laws and breaches of fiduciary duty by Zynga and certain of its officers.
On July 25, 2012, Zynga announced its financial results for the second quarter of 2012, reporting a net loss of $22.8 million and lower than expected earnings estimates, and drastically lowering its outlook for the rest of the year. Following this announcement, Zynga's common stock plummeted 40% in value to a trading price of $3.06 per share.
Newman Ferrara's investigation focuses on whether Zynga misrepresented or failed to disclose material adverse facts about its business and financial condition including, among other things, that Zynga has been: (1) experiencing a rapid decline in user numbers of existing web games; (2) experiencing substantial delays in launching new web games; and (3) entirely dependent on Facebook's online gaming platform. Newman Ferrara's investigation also focuses on the 43 million shares of personally held stock sold by Zenga's executive officers in April at a price of $12 per share for proceeds totaling $516 million. These insider sales were executed during the second quarter of 2012 shortly before Zynga reported terrible financial results for that quarter and prior to the corresponding 40% drop in Zynga stock price.
Investors who purchased shares of Zynga common stock between December 16, 2011 and July 25, 2012 and who have lost more than $100,000 on those investments are encouraged to contact Newman Ferrara attorney Roy Shimon at (212) 619-5400 or rshimon@nfllp.com to discuss this investigation and their rights as Zynga shareholders.
Whistleblowers: Persons with knowledge that may aid in the investigation of this matter are encouraged to contact the firm. Under the Dodd-Frank Wall Street Reform Bill, whistleblowers are protected from employer retaliation and may be entitled to as much as 30 percent of the recovery if the information provided leads to a successful action.
Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation with an emphasis on securities, ERISA, mergers and acquisitions, consumer fraud, and real estate. For more information, please visit the firm website at www.nfllp.com.
CONTACT:
Newman Ferrara LLP
Roy Shimon
1250 Broadway, 27th Fl.
New York, NY 10001
rshimon@nfllp.com
Tel: (212) 619-5400
Newman Ferrara LLP
Roy Shimon, (212) 619-5400
rshimon@nfllp.com
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To get a free RP all you need to do (if you get this promo) is to watch the Cadillac vs the World video.
Just note that you can not skip through the video.
When the video is complete you will receive 1 free Reward Point.
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The next Limited Time Property Loots have been added to the inventory…YIPPPEEEEEEE…………
The name of this property is currently unknown. It does seem to have a plasma or Tesla Coil appearance and theme. Although, for now, the name of the property eludes me.
The loot items include Dissipated, Plasmatic Sphere, Thumbnailed, and Arc Welder.
As you can see in the images I MUST (If i choose to build this property) upgrade it to at least level 9 in order for ANY of the loots to help me (based on Att/Def alone).
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