Diamonds and Dogs
Zynga! A takeover in the video mobile game app space. Zynga (ZNGA) is jumping 44% after agreeing to be acquired by Take Two Interactive for $12.7 billion. Zynga is known for their popular mobile games, including "FarmVille," "Words With Friends," "Harry Potter: Puzzles & Spells," and "Zynga Poker." The acquisition is Take Two Interactive's ambition to capitalize on the rapidly growing mobile gaming segment.
Ski season off to a slow start. Vail Resorts (MTN) is down 4% to a four month low following earnings. Earnings actually beat expectations, but sales missed by a wife margin. A combination of limited snow in Colorado and the Northeast combined with the spread of the Omicron variant has made this another tough ski season for all operators. That's hope it improves.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.