Zynga Inc (NASDAQ:ZNGA), a company with a fate inextricably linked with that of Facebook Inc (NASDAQ:FB), has seen its stock price crumble since its highs last Spring. The company, which in 2011 accounted for 11% of Facebook’s total revenue, is in trouble. A new report from Stern Agee offers some hope for the company. It appears that Zynga Inc (NASDAQ:ZNGA) has been faltering badly for several months. The company is slowly attempting a move to mobile, but since the stock hit its high point, several of its most prominent executives have abandoned the company. Despite lackluster performance of its newest…
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
