Zynga Inc (ZNGA)

[WannaBeFortuneSeller]

I personally think ZNGA would keep on showing poor performance and giving bad public reviews if it has decided to buyback so that it can buyback everything at cheapest possible price. We as investors have to be careful to not react to such intentions of Mark Pincus and sell off. Its a matter of education. Some people think that they should sell off before ZNGA goes private otherwise their investment will be zero. But that is not true, ZNGA cannot go private just by their choice. Otherwise, every public company would like to go private upon IPO. ZNGA can file to go private only if the number of investors are less than 300 by law, so please do not sell off even if ZNGA tells in its earnings call that it intends to go private. That asshole Marc Pincus after looting everyone' money and spending on bullshit acquisitions now wants to go private. He does not know laws yet.

Since ZNGA is rich in cash though, some authority should just sue them seriously, shut down the company and take the assets of 2.5 - 3 billion dollar and repay back the investors. They got 1B$ upon IPO and 225 million dollars in march. So if you have to repay back investors at their original cost, mostly that can be fulfilled by SEC shutting ZNGA today and auctioning all of its assets.