Re:Zynga stock plummets below value of its cash and real estate
by andrewfelix on Wednesday October 10, 2012 @06:47PM
(#4638565)
While I agree with this statement somewhat, I can't imagine the talented devs at Zynga didn't have common sense. Seems harsh to write those people off with essentially 'you only have yourselves to blame'. That attitude also removes some of the responsibility from the folks at the top.
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Re:Zynga stock plummets below value of its cash and real estate
by w1ntermute on Wednesday October 10, 2012 @08:39PM
(#4638859)
> I can't imagine the talented devs at Zynga didn't have common sense.
There are a lot of very smart people who are easily blinded to the truth when confronted with the possibility of vast riches. Making the right decision here was less about talent/intelligence and more about wisdom.
Re:Zynga stock plummets below value of its cash and real estate
by MartinCron on Thursday October 11, 2012 @12:45AM
(#4639438)
Or it is about risk tolerance. I can see joining an overhyped overvalued yet detested company with eyes wide open, realizing that the risk is huuuge.
Re:Zynga stock plummets below value of its cash and real estate
by w1ntermute on Thursday October 11, 2012 @01:21AM
(#4639535)
Yes, that's certainly possible. However, I don't think the math worked out in Zynga's favor in this case. And the reason why people joined anyway was because it's emotionally difficult to do that math correctly when your eyes are blinded by dollar signs.
Re:Zynga stock plummets below value of its cash and real estate
by rhizome on Wednesday October 10, 2012 @09:53PM
(#4639023)
Going to the mat to double your options and attempting to deal with them with your eyes open, only to have shenanigans on the back end is nothing that can be protected against. Hey, they're a public company, the shenanigans are out of the bosses hands...or are they?