Zynga Now Worth Less Than Its Own Office Building

medium.com

I didn't know they bought the property. I too thought that they were still leasing it from Sega or something like that.

Didn't Macromedia used to live in the same building?

I thought that Zynga leased it's office space -not bought it.

They bought it in 2012 and are in the process of doing a sale-and-lease-back deal.

About the headline of this story, it's a little silly not to count cash as part of a company's valuation since that money had to come from somewhere. But the fact that 3/4 of Zynga's value is cash indicates that people think the company is on the decline.

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