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LINE is another Zynga


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Guest Tero Kuittinen
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http://androidforum.us/data/MetaMirrorCache/0e5495c9481691cf10b9eb78d4e7de5b.pngLINE became the biggest tech company to enter the US stock market this year as its shares soared 30% above issue price in early New York trading. Buying these shares is something you should not do. Yes, messaging is a hot space and no, there aren't many messaging apps companies you can invest in. But app vendors tend to be bought or go public at the worst possible time. The recent history bears grim witness. Zynga announced the purchase of an app company called OMGPOP literally within 48 hours of when the main product of that app vendor peaked. OMGPOP proceeded to fall apart with stunning speed thereafter.

 

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Via BRG - Boy Genius Report

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