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It looks as if Facebook (FB +5%) shorts (previous) are taking profits; shares have shot higher...

It looks as if Facebook (FB +5%) shorts (previous) are taking profits; shares have shot higher in early afternoon trading. Barron's provides details about Capstone's upgrade: the firm says its data indicates total users and game players respectively rose 3.5% and 3% M/M over the past month, and that 48 tracked brands saw their Facebook "fans" increase 10% over this time (boosted by the Olympics). The gaming data could be a positive for share-losing Zynga (ZNGA +0.3%)
Comments (1)
  • Trongod2000
    , contributor
    Comments (92) | Send Message
     
    "could be a positive for Zynga" ??????????????
    What else could it be but positive? Zynga has the top games on Facebook by a VERY wide margin. Where do you think the numbers come to rest? Zynga's latest game has grown from zero to 55 million monthly users! Do you think that might be positive? I don't know where all the negativity comes from but sooner or later the people who buy stock are gonna realize the prognosticators are wrong.
    21 Aug 2012, 12:38 PM Reply Like
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