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)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)