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Today’s Research Reports on Stocks to Watch: Zynga and Facebook

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / February 13, 2018 / While shares of Zynga saw gains on Monday, shares of Facebook were only modestly up after announcing that it is testing a new "downvote" feature that only some users can see right now. Earlier this month it was revealed that Zynga has partnered with The World Poker Tour for a multi-year gaming partnership.

RDI Initiates Coverage on:

Zynga Inc.
http://www.rdinvesting.com/report/?ticker=ZNGA

Facebook, Inc.
http://www.rdinvesting.com/report/?ticker=FB

Zynga Inc. shares closed up 3.32% on Monday with about 26.5 million shares traded. The stock was flying higher despite any catalyst yesterday to explain the move. The gains look like a reversal from this Friday when shares of the stock finished in the red down 5%. Despite announcing a stellar quarterly report earlier in the week, it seems traders were cautious about whether or not Zynga could sustain such good earnings moving forward. The stock initially climbed after the company's report where it announced record mobile revenue and bookings. Mobile revenue saw an increase of 32% and bookings saw an increase of 18%. The company's launch of Word With Friends 2 also saw strong results. Earlier in the month, The World Poker Tour announced a multi-year gaming partnership with Zynga. President of publishing at Zynga, Bernard Kim, remarked, "We're proud to partner with World Poker Tour, a global leader in real-world poker tournaments, to deliver an authentic in-game tournament experience to our Zynga Poker players later this year. WPT has innovated in the sport of poker for more than 16 years, and our new free-to-play WPT-themed Zynga Poker tournaments will put the most competitive and genuine poker experience in the palm of players' hands."

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Access RDI's Zynga Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=ZNGA

Facebook, Inc. shares closed in the green yesterday up a modest 0.17% on about 32 million shares traded. The social networking company is testing a new feature called "downvote" that will be similar to "disliking" something on the platform but not exactly. The button appears on a small number of public pages thus far that will only be viewed by around 5% of Android smartphones with English-language users. Once the user hits the Downvote button, they can choose either offensive, misleading, or off topic. The downvote is hidden from view and a Facebook spokesperson has confirmed that it is not a "dislike" button. The spokesperson said, "We are exploring a feature for people to give us feedback about comments on public page posts. This is running for a small set of people in the U.S. only."

Access RDI's Facebook, Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=FB

Our Actionable Research on Zynga Inc. (NASDAQ: ZNGA) and Facebook, Inc. (NASDAQ: FB) downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com