Zynga's shares are now trading under $8.80, which means CEO Mark Pincus' share of the company is now worth less than $1 billion.
Pincus owns around 111 million shares of the company. When it went public, Pincus' share was worth $1.06 billion. It's now worth $979 million.
The next largest investor is Bing Gordon, who along with Kleiner Perkins Caufield & Byers owns 65 million shares.
Mark Pincus, the founder of Zynga, is stepping back from the once-hot social gaming company as its new leader seeks a turnaround.Zynga said that Mr. Pincus decided to give up all operational responsibilities at the company, though he will remain its chairman and largest shareholder. Nearly a year ago, Mr.
Newly minted billionaire Nicholas Woodman has generously shared GoPro's success with his whole family. With GoPro's big IPO on Thursday, they all became millionaires. Although he worked hard for his success, it's not a rags-to-riches story. He grew up in Silicon Valley and his father was an investment banker who invested and helped him raise funds for GoPro along the way.
In the past few days, shares of security company FireEye have gone absolutely bonkers, turning the company's founder into an instant billionaire. FireEye hit a high of $96 at the close of market Wednesday, though they are dropping today, down to about $92 at the time of publication. Shares were up incredible 377% over its IPO price of $20 from just six months ago, in September.
Arista Networks, a company in the networking industry that just filed paperwork for an IPO , is worth watching. Arista was founded in 2005 and has been gaining momentum since 2008, when it lured away one of Cisco's top engineers, Jayshree Ullal, to be its CEO. Prior to Arista, Ullal ran Cisco's bread-and-butter routing, switching business, leading it to $10 billion in annual revenue.
Bill Gates has been the richest man in the world for 15 out of the last 20 years. Even though he's given an astounding $38 billion to his charitable foundation , he keeps getting richer every year. As of March 2014, Gates is worth $76 billion, according to Forbes' annual list of billionaires. That's $9 billion more than a year ago and $4 billion more than six months ago.
Enterprise startup Zendesk is moving full-speed ahead toward its IPO, even though investors have cooled towards cloud companies in recent weeks. Zendesk has not set a date for its first day of trading on the public markets, but it just priced its shares, according to documents filed with the SEC . It plans to sell over 11 million shares at $8 to $10 a share.
Enterprise cloud storage company Box has filed the paperwork for its long-expected IPO, and the big surprise is how much of the company the co-founders have already sold off. For instance, co-founder and CEO, Aaron Levie, a rising star in Silicon Valley, only owns about 4% of the company, with 3,764,285 shares.
David DeWalt, told Business Insider that this was like an IPO for ."Today was a proud moment for Kevin Mandia. It was a chance for our Mandiant asset to go IPO," DeWalt said.DeWalt also shared a fun fact about FireEye and Mandiant: both companies were founded on the same day in 2004.
IPO activity on Wall Street is heating back up. This week saw King — the maker of the addictive game Candy Crush — go public, only to see its stock tank three straight days in a row. Also this week we got the S-1 filing from Box, which makes a cloud-based file system, and though the company is a phenomenon, it's bleeding an unholy amount of cash . Still! The IPO window is open.
The recent big tech IPOs of companies likeFacebook,TwitterandTeslacould all be dwarfed soon by a company with roots far outside Silicon Valley. Chinese e-commerce giant Alibaba Group justfiled documentsfor its own offering (choosing to trade its stock in the US over Hong Kong) and while its value has not been determined, it could result in the biggest IPO ever when it's all said and done.
SAN FRANCISCO (AP) — Facebook CEO Mark Zuckerberg reaped a $3.3 billion gain last year by exercising stock options in the social networking company that he founded in a Harvard University dorm room. The windfall saddled Zuckerberg with a huge tax bill, even though he limited his Facebook salary to just $1, according to regulatory documents filed Monday.
| Added comment from JP Morgan Asset Management and updated the total amount of stock owned by shareholders that say they won’t sell.Some of Twitter’s biggest shareholders, which together control nearly half the company’s stock, say they plan to hang on to their shares, passing up their first opportunity to sell after the social networking company’s initial public offering in November.
$15.78 per share. Today, it's at $36. Here's how he got to his total:Steven Davidoff at The New York Times took a look at Marissa Mayer's pay package as CEO of Yahoo, and came away with a rather stunning conclusion. Mayer's pay from Yahoo has totaled an estimated $214 million . Mayer's pay package comes via stock grants and options.
Here's what the internal Words With Friends dictionary looks like:It's been a crazy year for game-maker Zynga — it fired 15% of its workforce, and bought U.K.-based game company NaturalMotion in January — but it looks like the company is trying to turn things around.
Say on Pay is when shareholders get to approve a company's compensation plans; the results of the vote are nonbinding.All of a sudden, Marc Benioff has been cashing out of hundreds of thousands of Salesforce.com shares. Since June 9, he's sold over 420,000 shares for nearly $24 million, according to insider trading forms filed with the SEC.
King, the company behind theCandy Crushsagafiled its IPOtoday, but is the makeranother Zynga(Farmville),another Rovio(Angry Birds) or something else again? Nearly 100 million users playCandy Crushevery day, and while the company's titles remain free to play, it depends on virtual goods, additional levels and content purchases to bring in the cash. Selling shares at $22.
That’s the deal King Digital Entertainment, the maker of the popular game franchise, announced on Wednesday after it struck an agreement with the Chinese Internet giant, Tencent.The push into China follows the lackluster performance of King’s stock since the company’s initial public offering last month, which valued King at more than $7 billion.