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.
Fitbit shares aregetting wrecked on Friday, with shares down by as much as 11% in earlytrading. In a regulatory filing on Friday, the company put up more shares for sale — three million shares of common stock to be exact. That's down from the seven million it had initially proposed to sell. But the shares were priced at $29, which was lower than Thursday's closing price of $31.68 per share.
Steven A. Ballmer believes in Twitter. And he looks to be putting his money where his mouth is.In a tweet sent on Thursday evening, Mr. Ballmer, the former chief executive of Microsoft, said he had acquired a 4 percent stake in Twitter, becoming one of the single-largest outside shareholders of the company.
At the closing bell, shares of Atlassian, listed under the symbol TEAM, were trading for $27.78, up 32% from the $21 level it priced its shares atand giving it a hefty $5.78 billion market cap.Atlassian basicallygrew $1.2 billion overnight. And considering that it was valued at $3.3 billion as a private company, that's especially impressive.
Analysts had estimated that GoProposted$0.02 in adjusted EPS, near the lower end of a range of -$0.01 to $0.17, according to Bloomberg. Revenues wereexpected at $434.9 million.Guidance for Q1 revenues was lighter than expected, at $160 million to $180 million, with $287.2 million expected.
GoPro is having a bad day, and the company's investment in itself is probably making it worse. The company reported earnings Wednesday posting a unexpected loss of - $0.08 per share versus expectations for earnings of$0.02 per share. And this was merely the latest piece of bad news for the company which had pre-announced that its fourth quarter earnings would be disappointing.
Billionaire entrepreneur Elon Musk has loaded up SolarCity shares, just days after famed short-seller Jim Chanos disclosed he is shorting the stock. Musk, the company's chairman, spent $50 million on 123,519 shares of SolarCity at around $40.48 per share, according to a securities filing . Musk currently owns 20,805,082 shares. SolarCity closed up $3.62, or 8.83%, to end the day at $44.
Jack Dorsey, the chief executive of both Twitter and Square, is in a giving mood.On Thursday evening, he announced at a Twitter staff meeting and on the social network that he would donate one-third of his stake in the company — worth close to $200 million — to the employee stock compensation pool “to reinvest directly in our people.
Following the recent addition of its Super Like feature , Tinder has released an update for its mobile app that introduces several new refinements, including additional information on user profiles, and improved algorithms for finding matches.
"Tesla is essentially learning how to become a manufacturing company on the fly," wrote analysts at RBC Capital Markets. "While we don’t have meaningful reason to doubt Tesla can eventually get to their targets, doing so in a timely matter without some growing pains could prove challenging."The confusion is palpable.
Today Facebook begins rolling out their Dislike button - only it's not just about disliking something, this button is all about sending more emotion in your "Likes". This system takes the form of "Reactions", including a number of different icons, including one for Love, another for laughing out loud, and another for showing extreme happiness.
Major internet tech companies like Facebook, LinkedIn, Amazon, Yelp, and Twitter only exist because you, the user, patronize them. The folks at HowMuch.net have broken down what one person using the services of these companies is worth to that company.
When institutional investors put money into companies backed by venture capital, they typically end up owning a type of stock called preferred shares. Now, institutional investors are also becoming owners of a different class of start-up stock: common shares.
Since the Facebook chief executive Mark Zuckerberg and his wife, Dr. Priscilla Chan, revealed their plans this week togive away 99 percent of their Facebook shares over their lifetimes toward philanthropic purposes, the couple has faced plenty of heat.Tax experts and others have focused their ire on how Mr. Zuckerberg and Dr.
Amazon launched Amazon Handmade Thursday, a new marketplace for artisanal and handcrafted goods.That puts Amazon Handmade squarely in competition with another artisanal goods marketplace Etsy.Given Amazon’s market size, it’s a major potential threat to the $1.5 billion company that just went public in April. Amazon has roughly 285 million active customers versus Etsy’s 22 million.
Have you given much thought about split keyrings? No? Ok, me neither. But let’s do that now. The split keyring has remained virtually unchanged in decades. That is until now. The HANDGREY KNOX is the keyring reinvented. HANDGREY is currently running a crowdfunding campaign on Kickstarter and sent me one of their KNOX keyrings to try along with one of their H3 Titanium carabiners.
“For the first time ever,” Mark Zuckerberg, the company’s chief executive, posted on the social network, “one billion people used Facebook in a single day.”Facebook is present in nearly every aspect of people’s digital lives these days. But just a decade ago, that sort of traffic feat would have been hard for the social-networking site to even have imagined.
Thumbtack, which handles marketing and job listings for professionals like yoga instructors and electricians, has raised $125 million and is now valued at about $1.3 billion.The investment catapults the six-year-old start-up into the ranks of the unicorns, a popular term for privately held companies that are valued at more than $1 billion. Thumbtack was valued at around $750 million last year.
The number 14 played a big role in IBM’s earnings on Monday — and not in a good way.The technology company reported that its net profit fell 14 percent in the third quarter from a year ago, with revenue also declining 14 percent. It was the 14th quarter in a row that IBM had posted falling sales. The company lowered its earnings forecast for the year.