AI
Tuesday, July 17, 2012 10:42:14 PM
Has Zynga's $ZNGA selloff made it a value stock? The company's forward multiples have become moderate, and its net cash now makes up 45% of its market cap. Controversial CEO Mark Pincus has been busy trying to defend Zynga: He claims Zynga wants to have 1B gamers (up over 3x) and predicts its analytics tools and infrastructure will reel in 3rd-party developers, but admits mobile games are having a disruptive impact, and can have trouble taking off if they fail to obtain top app store placement.
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