- Zynga (ZNGA) has plunged below $3 on volume (50.9M shares) that's already nearly 2x a daily average of 28.2M.
- CEO Don Mattrick held a Q&A session yesterday afternoon at a BofA/Merrill conference (transcript). Though generally upbeat, he admitted Zynga could be affected by summer seasonality, and that near-term EBITDA margins remain pressured by product investments (e.g. bringing FarmVille to mobile).
- Mattrick also: 1) Noted Zynga's headcount had fallen to 1,800 as of January from 2,650 at the time of his hiring; the NaturalMotion deal added 270 employees. 2) Declares Zynga's audience has "stabilized" after many quarters of steep DAU/MAU losses. 3) Suggests he's open to using part of Zynga's $1.1B+ cash balance on new acquisitions/partnerships.
From other sites
Video at CNBC.com (Aug 6, 2015)
at CNBC.com (May 6, 2015)
at CNBC.com (May 5, 2015)
at CNBC.com (Apr 9, 2015)
Video at CNBC.com (Apr 9, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs