Is it time to revive the Save Zynga Charity Fund Raising? Zynga’a stocks continue to mimic the dropping DAU and breaking record lows. Zynga (ZNGA) share prices are skirting below $5.00 per share today.
Images above are from finance.yahoo.com (ZNGA)
We were warned not to buy into Zynga’s stocks before the the initial IPO.
“they warn that the combination of the company’s dependence on the Facebook platform, low earnings relative to the industry, and indications that the company may be past its peak, make this stock a risky investment for long-term investors.” [Sources Include: Forbes & Reuters DECEMBER 14, 2011 BY DAVID ANGOTTI]
And today the following is being reported from wallstcheatsheet.com;
With all of Zynga’s record lows, as of late, many investors and application users of Zynga’s are beginning to wonder if their money and time are going down the toilet.
The light at the end of the tunnel for Zynga could be their push for legalized online gambling in addition to move more towards mobile apps. Both concepts would free Zynga from the contract that ties Zynga’s online gaming to Facebook through 2015. Ultimately, Zynga would be more perceived as a ‘stand alone’ company as opposed to the company’s current perception of being dependant upon Facebook.
Zynga has already launched Zynga.com where six of their games can be played without going to Facebook. These games being CastleVille, Words With Friends, Bubble Safari, Hidden Chronicles and Zynga’s top 2 games CityVille and Texas Hold’Em Poker.
Once Zynga loses it’s Facebook connection the company should (in theory) increase it’s profit margin. Although things might look bleak now for Zynga it can be said that “A Brighter Day Is Coming”. We just don’t know how much of that sunshine will fall on Mafia Wars.
