Re:Zynga stock plummets below value of its cash and real estate
by fusiongyro on Wednesday October 10, 2012 @11:53PM
(#4639292)
Of course you're right overall, but if you're paying $12K/year in rent for one room in a shared apartment that still leaves only $250/month for all your other expenses, and I'm not convinced it's workable at that extreme.
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Re:Zynga stock plummets below value of its cash and real estate
by r00fus on Thursday October 11, 2012 @01:19AM
(#4639526)
Hence, often they have two jobs. The lower economic class in this country is worked to the bone and just scrapes by.
The Zynga employee who is going to make $0 (or negative if they exercised unvested) options is still much better off: a) they have a job and b) they are still likely very hireable if their job disappears.
The folks at Facebook should probably be a bit more worried - Zynga and Facebook have been close and without the symbiotic relationship, Facebook's appeal is much diminished - lots of my social gaming dev friends are now working on mobile freemium games, for example.
Re:Zynga stock plummets below value of its cash and real estate
by LockeWatts on Thursday October 11, 2012 @02:34AM
(#4639746)
I don't see this connection. Facebook is a lot bigger than the games platform. They appeared and then died off as a fad within my friend group, and aren't really used anymore.