Before you slam this too much, this has been one of the logical markets for Zynga to go after. The company has all of these social platforms, so trying to capture real-dollar gaming (ergo gambling) makes sense. The question that will be the crux of the argument.
Zynga’s shares are mutilated and its growth has peaked in the near-term. We wonder if the company can properly manage real dollars in a gaming or gambling environment. Even if the company has online poker and slots now, Zynga’s fortunes were partially made due to virtual farm animals being so popular. Would Zynga consider switching to a model where they sell real farm animals too?
The market is rewarding the company today with gains of 6% to $2.45, but the 52-week range is $2.09 to $15.91. Zynga’s market cap is currently just above $1.9 billion.
JON C. OGG
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
