Lauren Goode

Recent Posts by Lauren Goode

Zynga Shares Slide After J.P. Morgan Downgrade

Shares of Zynga were down nearly 6 percent Monday morning following a J.P. Morgan downgrade from “overweight” to “neutral.” The note comes after a 51 percent run-up since last January, which analyst Doug Anmuth attributed to investors’ focus on social gaming, the possibility of the legalization of online gambling and optimism over Zynga’s recently-announced game platform, which pushed Zynga shares up 10 percent last Thursday. But Anmuth says he believes “game economics will not change for Zynga, and it will likely take some time to drive traffic to the new site.”


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work