Zynga (Nasdaq: ZNGA ) -- $8.33 We're now just days away from Facebook's IPO, and the best sympathy play is a busted IPO.
The leading social gaming company may have gone public at $10 five months ago, but it quickly shot higher.
Financially speaking, Zynga is holding up well. It topped analyst revenue and profit targets in its most recent quarter. After a year-end Facebook filing showed that Zynga accounted for 12% of the social networking giant's revenue, an updated report revealed that Zynga now accounts for 15% of Facebook's revenue through the first three months of the year.
The rub is that investors have tired of the fickle nature of social gamers. Zynga's had to acquire some of its most popular games as its earlier releases grow stale. Can a single company stay on top forever in a niche that's deep-fried in flux?
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