Seeking Alpha

Zynga's (ZNGA -38.6%) Q2 report leads to a rout in both volatile Internet names and game...

Zynga's (ZNGA -38.6%) Q2 report leads to a rout in both volatile Internet names and game developers. EA -2.5%. COOL -4.3%. GLUU -9.2%. TTWO -2.4%. GRPN -4.9%. YELP -3.7%RENN -5.4%. The scope of the selloff suggests the Street is worried about both monetization in a hotly competitive mobile gaming market, and the broader consumer willingness to spend lavishly on virtual goods. Zynga downgrades have been pouring in as quickly as FarmVille puns. (more)
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