Filed under: Investing After seemingly endless arguing among investors and analysts regarding mobile gaming innovator Zynga , the market appears to have settled on a positive affection, as the stock soared yesterday following the company's announcement that it would begin its real money gambling service in the U.K. The gambling concept sounds like a possible saving grace for...
(1 month and 16 days ago)
Zynga's health has been questionable as of late, and today the once-mighty social gaming platform announced its severing support for four once-popular games. The Ville, Empires and Allies, Dream Zoo and Zynga City on Tencent are all getting the ax. One bright spot is that Zynga is launching Draw Something 2 today, a title it hopes will catapult to success in the wake of the...
(28 days ago)
Filed under: Technology, EarningsFacebook, Inc. (NASDAQ: FB) has released its first quarter corporate earnings results. The social media giant reported earnings of $0.12 per share or $563 million on $1.46 billion in revenue. This compares to estimates from Thomson Reuters of $0.13 EPS and versus what was supposed to be almost 36% sales growth to $1.44 billion in revenue. The...
(21 days ago)
Zynga's monthly active users declined 13% from a year ago.
(28 days ago)
In September, 2012, Facebook became the third largest country on the planet. In just eight short years, Facebook intrigued more than 1 billion monthly active users and over 680 million daily users to access the social media site from their mobile product. In 2008, Facebook launched its iPhone application. Since that time, over 300 million photos have been uploaded to...
(1 month and 13 days ago)
NEW YORK (AP) — Zynga Inc.'s surprise profit in the first three months of the year got overshadowed by a revenue decline, a drop in the number of users and a lower-than-expected second-quarter forecast. The online game maker's stock fell more than 10 percent in extended trading Wednesday after the first-quarter results came out. Zynga, which makes "FarmVille" and other...
(28 days ago)
Filed under: Investing Claro Brazil Partners with Velti, Leveraging its mGage Technology to Promote Language Learning via Mobile Mobile Campaign Drives +3,000% Increase in Course Participation SAN FRANCISCO--(BUSINESS WIRE)-- Claro Brazil, part of the largest telecom group in Latin America, has partnered with Velti (NAS: VELT) , the leading global provider of mobile...
(2 months and 13 days ago)
Instagram, the popular photo-sharing social network purchased by Facebook last year, has reached a milestone important for any social network: 100 million monthly active users.
(2 months and 26 days ago)
Remember Zynga? In June of 2009, they launched FarmVille on Facebook, had 10 million+ active users daily in only six weeks, and on that trajectory went public with huge pre-launch hype on December 16, 2011 -- opening at $10 a share, hitting a high of $14.50 in March of 2012, and today trading under $3.50 a share and not yet making a profit. Last week, Zynga and Facebook...
(1 month and 27 days ago)
NEW YORK (TheStreet) -- Hit by weak offerings, losses and concerns over its future, Zynga is finally getting some good news from the world of investing. Activist investor Jana Partners revealed a large stake in the social gaming company, owning more than 25 million shares. Shares of Zynga jumped more than 7% to $360 after activist investor Barry Rosenstein and his fund Jana...
(7 days ago)
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