Zynga’s ‘Draw Something’ Isn’t a Pretty Picture – Deal Journal – WSJ

Zynga’s ‘Draw Something’ Isn’t a Pretty Picture – Deal Journal – WSJ.

Nader Nazemi-Zynga

Zynga

Bad decisions. Running out of ideas. Crappy partnership with Facebook. Disappointing results from Zynga and expected disappointing results from Facebook. All make the perfect selling/shorting opportunities.

Zynga’s ambitious purchase of OMGPop, the maker of “Draw Something” is looking particularly ugly in the wake of the company’s disastrous quarterly report.
Shares are down 36% to $3.25 in after-hours following the disappointing earnings announcement, with one reason being “challenges” on Facebook’s platform.
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