Zynga was touted as one of the hottest IPOs on Wall Street.It has lost 75% of its value since its debut last Dec.Its interesting to see how wildly optimistic ratings were given to the stock by sellside brokerages.
(Hattip:TRB)
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Linkfest:July 27, 2012
Some stuff I am reading today morning:
Multiple deals for Onmobile on the table (Mint)
Indian protectionism against trade in services (AjayShah)
Value guys give up on Microsoft (TRB)
The best advice from the greatest investors in history (BusinessInsider)
Why investors should hate personal observation (PsyFi)
Anything but market timing (RickFerri)
Top quant to next generation:You suck (FTAlphaville)