Zynga Shares Trading Higher Ahead of Fourth-Quarter Earnings

Zynga is trading higher this morning after an analyst upgraded the company’s stock to “buy.” The social games company will report fourth-quarter earnings this afternoon. The stock was up nearly 6 percent to $2.70 a share after Bank of America/Merrill Lynch said it was more optimistic about the company’s performance and investors’ increased appetite for public companies with developing businesses models. The company is expecting earnings of up to $162 million before some expenses on quarterly bookings of up to $1.1 billion.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald