ARE YOU NEW HERE? NOT LOGGED IN? PLEASE TAKE A MOMENT TO REGISTER FOR AN ACCOUNT AND LOGIN TO REMOVE THIS WINDOW
Welcome to PatsFans.com. Do you have an account? If not - please take a moment to register for our forum and experience a much smoother experience with fewer ads, along with no longer having to see this notification window. Also learn about how you can receive a free Patriots T-Shirt from the Patriots Official ProShop by CLICKING HERE. Please enjoy your stay here, and Go Pats!
A "social game" company that sells nothing tangible? Makes one wonder who spends the money to "buy" "virtual weapons"
It used to take years to build up a company to even $1 billion. Personally, I see investing in these companies as extremely risky. I'd even consider Facebook risky because I think it's a fad industry....btw...what happened to "MySpace"?
__________________ "No one walking this earth knows what is truly righteous"
DONATE TO PATSFANS.COM
RECEIVE A FREE PATS T-SHIRT AND SAVE 15% OFF WHEN YOU BUY FROM THE OFFICIAL PROSHOP!
Free T-Shirt & Save 15% Off!
Like Our Site? Please help support our site and server costs by DONATING TO PATSFANS.COM and receive a FREE PATRIOTS T-SHIRT and SAVE 15% off EVERY purchase you make from PatriotsProShop.com. You'll also receive added benefits to your account including Removing All Ads During Your Experience Here At Our Forum.
NEEDED YEARLY SITE DONATIONS: 345 | CURRENT # OF SUBSCRIBED SUPPORTERS: 98
Re: Zynga IPO values company as high as $9.04 billion
They actually do sell stuff. You can buy points, and upgrades so you can catch up with your friends in these games. As well, they allow companies, say Blockbuster for example, to post a deal, and if someone takes that deal they get game points, and block buster pays the game maker.
I think anyone who invests in this would be stupid. 1 Billion is WAY over priced, but then again, that's probably only 3 million in terms of 2001 money.
Remember, Google doesn't sell anything of real value either. The only way google profits is by people buying ads, and other people clicking on them. Android the OS is giving away free, and every other product Google has made, is either free or doesn't make that much.
So when you say "company that sells nothing tangible?" - Ask your self the same questions of Google.
Re: Zynga IPO values company as high as $9.04 billion
Quote:
Originally Posted by mcgraw_wv
They actually do sell stuff. You can buy points, and upgrades so you can catch up with your friends in these games. As well, they allow companies, say Blockbuster for example, to post a deal, and if someone takes that deal they get game points, and block buster pays the game maker.
I think anyone who invests in this would be stupid. 1 Billion is WAY over priced, but then again, that's probably only 3 million in terms of 2001 money.
Remember, Google doesn't sell anything of real value either. The only way google profits is by people buying ads, and other people clicking on them. Android the OS is giving away free, and every other product Google has made, is either free or doesn't make that much.
So when you say "company that sells nothing tangible?" - Ask your self the same questions of Google.
I think Google is the exception, not the rule regarding internet companies. We could ad Ebay and few others in the company of Google.
MySpace is more like what happens to most internet juggernauts. Expecially the social networking ones.
__________________ "No one walking this earth knows what is truly righteous"
Last edited by PatriotsReign; 12-02-2011 at 10:11 AM..
Re: Zynga IPO values company as high as $9.04 billion
Quote:
Originally Posted by PatriotsReign
I think Google is the exception, not the rule regarding internet companies. We could ad Ebay and few others in the company of Google.
MySpace is more like what happens to most internet juggernauts. Expecially the social networking ones.
I agree, but Facebook is so large, nothing else has every achieved it's size before. MySpace, while large, was never as lasge as facebook. And I agree, that today you hear "Follow Us on Facebook" where 10 years ago it was "AOL Keyword: Bikes!"
It's just the next trend.
I believe Google will eventually have a real competitor as well. Since google makes most of it's money from ads, if anyone seriously puts a dent in their search traffic, let's say and Apple search engine, then google's valuation is dramatically effected.
Re: Zynga IPO values company as high as $9.04 billion
Big upps to my SF developers! Lots of my liberal friends just became 1%ers. However...they will soon taste the sting of being a public company, and being a slave to #s and 'the street'. As with almost all good ideas gone public, this company and its ideas will never be the same.
enjoy the $$ now, friends....you now enter the world of the earth largest shell game.
Going public is fun for those who enjoy the short term profit. It sucks for those creative people who now have an invisible master.
I'm going to pick out chrome ferraris with a few animators...be back later....
Re: Zynga IPO values company as high as $9.04 billion
I'm 100% with you on this PR. Investor beware. Even with Google, while I completely agree that they are the exception, remember how powerful or valuable Yahoo was at one point. With trend like, fad driven, internet based, produce nothing tangiable entities like these, the cliff is always nearby.
2005 Myspace sold for $580 million.
2011 Myspace sold for $35 million.
Ouch.
__________________
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
Re: Zynga IPO values company as high as $9.04 billion
Quote:
Originally Posted by Real World
I'm 100% with you on this PR. Investor beware. Even with Google, while I completely agree that they are the exception, remember how powerful or valuable Yahoo was at one point. With trend like, fad driven, internet based, produce nothing tangiable entities like these, the cliff is always nearby.
2005 Myspace sold for $580 million.
2011 Myspace sold for $35 million.Ouch.
Those last 2 points are amazing...I can't think of another business where things can turn so fast.
__________________ "No one walking this earth knows what is truly righteous"
Zynga IPO values company as high as $9.04 billion
Linear Mode
