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  • Zynga (ZNGA -7.6%) plummets to new lows on yet another negative note (previous) from Cowen's Doug Creutz, who reports the company's daily active users fell significantly for the second straight month on the back of declining usage for nearly all of its games. Creutz suspects interest in PC-based Facebook (FB +1.6%) gaming may have peaked as users shift their attention to mobile games (ed: it's also possible intensifying PC competition is hurting Zynga).  [View news story]
    Riding on the back of the presently precarious Facebook isn't helping. Perhaps legalized gambling IS Zynga's ticket up.
    Jun 12 11:26 AM | 2 Likes Like |Link to Comment
  • Facebook (FB -3.6%) has fallen below $27 in the wake of Bernstein's critical report and news of a new Google local ad sales push. Other volatile Internet and social media names are unsurprisingly also diving: ZNGA -4.2%. GRPN -7.9%. YELP -6.8%. RENN -5.1%. Z -5.9%. Henry Blodget, who previously set a $16-$24 PT range for Facebook, discusses how multiple compression appears inevitable for the company as growth slows, judging by the histories of tech giants.  [View news story]
    i can see Zynga in gambling but Facebook?? Not with the rugrats allowed in to the game site as is planned.
    Jun 4 05:10 PM | Likes Like |Link to Comment
  • NASDAQ OMX (NDAQ) CEO Robert Greifeld acknowledges the trade confirmation and order cancellation issues that plagued the Facebook (FB) IPO, and which may have hurt its performance by preventing institutions from buying in. He adds the NASDAQ plans to change its IPO auction process on account of the woes. Update: Greifeld adds up to 30M shares worth of trades were affected by the glitches, a small percentage of the 580.6M shares that were traded.  [View news story]
    I bought at 40.00 but couldn't track it till it was 42.00. it wouldn't show up. Tried to cancel the order and was turned down saying it REALLY came in at 38.00 but the Nas didn't show it up till 42.00.The blame put on the Nas. sharebuilder wouldn't take any responsibility for the errors. I Now am selling it at a small loss and will wait a long time b4 I re-invest. Hard to believe that the system couldn't hold up. Worked in computers too long to buy that totally.
    May 20 11:42 PM | 2 Likes Like |Link to Comment
  • As Facebook's (FB +2.8%) IPO-day trading volume rushes towards 500M, reports pile in (I, II, III) of trade confirmation problems. Expect Morgan Stanley (MS) and the NASDAQ to engage in some finger-pointing over the matter. An NYSE spokesman laughed and said he had no comment. Meanwhile, Facebook shares have fallen back to $39.06.  [View news story]
    Maybe your fortunate!
    May 18 03:46 PM | Likes Like |Link to Comment
  • After trading as high as $13.55 following its acquisition of Draw Something developer OMGPOP, Zynga (ZNGA) has fallen nearly 30%. One major factor could be concerns about declining activity for several of its top games in a competitive Facebook game market. According to AppData, Draw Something, CastleVille, FarmVille, and Hidden Chronicles have all seen daily users fall in recent weeks (I, II, III, IV). Only Texas HoldEm Poker is bucking the tide.  [View news story]
    The article is certainly accurate in the loss of users.Many of the people Zynga has been losing are the 3% of users that were willing to buy virtual goods. I was one of those. I no longer play on Facebook or even use it. The games became increasingly $$ oriented to the extreme. Most couldn't keep up and felt bad enough to give up. Some of us found other outlets to buy goods to keep up. the rest, including myself just had enough and dropped out. The worst offender....FarmVille. sorry Zynga, you priced yourself right out of devoted followers.
    Apr 20 02:31 PM | 1 Like Like |Link to Comment