Zynga Estimates Its Own Worth with Expensive Stock Offering

I don't like the games at all, but if I were ever going to buy stock in a company it would be something like this one. Whether it's Myspace, Facebook, or whatever comes next, Zynga seems to be the type of company that will be able to evolve and change with the trends of this time and will probably have a place for the people it's marketed towards for quite some time to come. I don't know if they're doing it yet, but give it time and they'll be developing apps for your iPad/phone and Droid before you know it if they're not already.

In speaking of evolving and changing with the trends of time, MySpace was sold on Wednesday for $35 million dollars by News Corp. Six years ago, News Corp. paid $580 million to purchase that same company. Four years ago, that same company was estimated to be worth $12 billion.

Not that I disagree with your sentiment on the whole, but MySpace got its toes caught underneath the Facebook steamroller and could do nothing but watch in horror as the life was literally crushed out of it. As far as companies that can adjust with the times go, it is a great example of what not to do.

It went for $35 million? Is that really all? I didn't know that it was even being sold. I knew that Myspace was getting devastated pretty badly by Facebook though, and I'm sure once the next big "thing" hits the same will happen to Facebook too.

I'm not saying companies like Zynga are going to be around forever, but for the time being it's a good way for investors to make a quick buck considering how well they're doing. Once they can shape and mold their business model to stand on its own two feet and release products independent of social networking, from a financial standpoint they'll be something to contend with later down the line (if they make it that far).

Of course these are all just my own personal mind spewings; I could (and probably will) be completely wrong.

In speaking of evolving and changing with the trends of time, MySpace was sold on Wednesday for $35 million dollars by News Corp. Six years ago, News Corp. paid $580 million to purchase that same company. Four years ago, that same company was estimated to be worth $12 billion.

Not that I disagree with your sentiment on the whole, but MySpace got its toes caught underneath the Facebook steamroller and could do nothing but watch in horror as the life was literally crushed out of it. As far as companies that can adjust with the times go, it is a great example of what not to do.