I think there's something else going on here... I feel there's unannounced news being priced in....
This is what my buddy at credit suisse said to me yesterday
"Hearing some really awesome stuff about how the Facebook numbers will be a big big +ve for your net worth aka ZNGA ;)"
I think it is really true.. Facebooks PE ratio is really really huge. Zynga right now has pretty much majority of facebook games market.
They don't have mobile market cornered yet... they kinda have to compete with a lot of people there (including my company :) )... but I only see ZNGA going higher from here.. my prediction is $17+ in a few months.
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