Is There Hope for Zynga and Groupon?
Both Zynga (ZNGA) and Groupon (GRPN) have been taking a beating. Zynga is down 26% in the last month. Groupon is down 33% and is now bumping along its all-time lows. How bad could it get from this point? Well, Facebook might keep it from becoming a bloodbath.
Zynga is scheduled to report on April 26. The stock has now seen all the investment banks covering it initiation in their coverage. They have seen the stock rise, partly on the backs of this coverage. It got up to $14 at the start of March....472 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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