Anecdotally I know, but I thought a large percentage of people knew Zynga was way overvalued. That said, how does a company of 3000 people not recognize this and drive forward new revenue? They had the cash, they could and did hire talent. What stopped new revenue sources from being created? I'd love to read a breakdown of what's happened there.
Note: this is a satire account.<p>However, Zynga appears to have approximately 0.9 billion in cash reserves and their property is probably worth somewhere in the 400 millions with a market cap of about 2 billion, meaning it's surely not worth more than x1.5 of its own building.
I had basically forgotten about this company. They received a lot of press on how overvalued they were and there were plenty of doubts that they could sustain their success even at their peak.