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A downgrade to Neutral from Piper's Michael Olson has made Zynga among the day's big tech...

A downgrade to Neutral from Piper's Michael Olson has made Zynga among the day's big tech losers. Olson predicts Zynga's bookings decline will continue "at a steeper pace" into 2013. He also claims a survey of over 7,700 teens confirms "social gaming is as unpopular among teens as we have ever seen" - that's not exactly good news for Facebook (FB -2.3% - previous) either. Glu Mobile's pre-announcement might also be affecting Zynga's shares.
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Comments (4)
  • fisherman57
    , contributor
    Comments (38) | Send Message
     
    BIG NEWS??? ANALYST HAD CONSENUS OF WHAT 40 + ON AVERAGE 3 MONTHS AGO. HOW MUCH DO THESE TALKING HEADS GET PAID FOR BEING WRONG. ANYONE EVER BACK CHECK THESE DUDES.
    10 Oct 2012, 11:31 AM Reply Like
  • gwynfryn
    , contributor
    Comments (5072) | Send Message
     
    It seems they live in another world, doesn't it? A case of can't see the woods for the trees, perhaps?

     

    I prefer to keep it simple; as is, FB is worth about 5$, looking at today's income. All the "what ifs" and comparisons, and future projections, is just so much fluff...
    10 Oct 2012, 11:45 AM Reply Like
  • thor34
    , contributor
    Comments (101) | Send Message
     
    With all of the recent hype surrounding new buttons, new upgraded customer service center, gifts, etc, it seems like FB knows that earnings are going to come in soft. October and November could be ugly months for the stock.
    10 Oct 2012, 12:06 PM Reply Like
  • Remyngton
    , contributor
    Comments (354) | Send Message
     
    ZNGA falls from $15 to $2 over 6 months

     

    . . . .and he downgrades the stock today ? ! ? ! ? !

     

    thx for the help
    10 Oct 2012, 12:22 PM Reply Like
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