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Profit Zynga fell by 95%

On the one hand it is funny, on the other hand I am indignant from human stupidity and greed. Just read how much Zynga for the people? , pompous lines:



Zynga’s entry into the stock market should not be described with the word “bubble” that excites many people, because This company is distinguished by high profitability, healthy profitability and relative economy in current operations.




By placing securities on the stock exchange, Zynga hopes to raise from $ 1 to $ 2 billion of investor funds, with gross capitalization (so far - a little lower than the company's valuation in previous rounds of financing) of $ 15-20 billion.


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The financial report for the second quarter of 2011 showed a profit of only $ 1.3 million, when in the same period of 2010 earned $ 27.2 million.

Source: https://habr.com/ru/post/129198/



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