When did it become sexy to not make money?

High-profile IPOs continue to lose money, month after month — but they still seem somehow “sexier” than cloud companies that actually make a profit. What’s up with that?

kriegel

Former Zynga finance guru surfaces as video-chat company president

Wilson Kriegel was a part of Zynga’s high-profile OMGPOP acquisition and equally high-profile executive departure spree, and he has popped back up on the tech executive landscape. This time, he’s joined forces with New York City-based Paltalk, a webcam and mobile video chat app, as the company’s new president and chief operating officer.

Zynga is vastly undervalued

How can a company that brings in $1.2 billion a year, and recently cut costs in order to achieve profitability, have a market value that’s effectively zero? It doesn’t make sense. Here’s why Zynga is undervalued — provided it does the right thing next.