Zynga: Great Reopening Pain Is Temporary
Businesses that benefitted from COVID-19 lockdowns are starting to feel some ramifications from the reopening trade. (ZNGA) is a primary example of the stock plummeting on Q3'21 audience softness due in part to the tough comps in 2020. My investment thesis is very bullish on the mobile gaming stock, as any material sell-off provides a grand entry point to better growth in 2022.
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Disclosure: Long ZNGA. Please review the disclaimer page for more details.
Update - August 12
The irrational dip appears to be hitting a bottom.