Review of Tech Stock including the Zynga IPO
7 Aug
Great article about the US stock market specifically targeted on video games. Even the Zynga IPO, which I feel is strongly over-valued and over anticipated, is discussed.
The company [Zynga red.] was hoping to ride a wave of positive sentiment led by LinkedIn and Pandora after those companies picked up multi-billion dollar valuations when they went public.
But game stocks were down at least 1 percent across the board. Saints Row developer THQ Interactive was the worst performer after falling nearly 6 percent, while publishing supergiant Electronic Arts fell by about one percent. Those companies revolve around delivering cinematic triple-A titles like Activision’s Call of Duty: Modern Warfare 3. Those games still carry large price tags, which would give social and online gaming companies the edge.
