What Drove Zynga's Massive Pop Today?
With Nevada having legalized real-money gambling over the Internet, shares of Zynga are up above 15% today. A combination of this expected strategic pivot point and the company beating on earnings has driven shares up nearly 50% since the start of 2013. In this video, Motley Fool tech and telecom analyst Andrew Tonner tells investors why this is definitely a positive development for the company. He also details many of the severe hardships facing the company that still make it a very questionable bet.
Zynga's post-IPO performance has been dreadful, and investors are beginning to wonder if it's "game over" for this newly public company. Being so closely tied to the world's largest social network can be a blessing and a curse. You can learn everything you need to know about Zynga and whether it's a buy or a sell in our new premium research report. Don't even think about picking up shares before you read what our top analysts have to say about Zynga. Click here to access your copy.
The article What Drove Zynga's Massive Pop Today? originally appeared on Fool.com.Andrew Tonner has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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