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.
It’s hard to overstate how much Zynga has collapsed in recent years, and it's struggling to regain its past glory.Since 2008, Zynga has lost nearly $1 billion and has only had one profitable year (2010). Over the course of 2015, its quarterly average of daily average users (DAU) steadily declined from 25 million during the first quarter to 18 million inthe fourth quarter.
In its first-ever earnings report as a public company, Square showed solidgrowth in both total revenue and gross payment volume, driving its share up 3% in after hours. Here are the most important numbers:EPS: loss of $0.34. (Non-GAAP results were a loss of $0.
Shares of file-sharing company Box rose as much as 12% after the company blew the door off earnings expectations for the last quarter of itsfiscal 2016, which ended Jan. 31. Here's where the results came in: Annual revenue came in at $302.7 million, up 40% from last year. Despite the large losses, investors were cheered by the young company's revenue growth and narrowing sales and marketing spend.
Times are tough in the market for initial public offerings. 2016 has seen the fewest IPO deals, and lowest deal value, since the gloomy post-financial-crisis days of 2009 . There have been just nine IPOs this year in the US, raising a total of $1.2 billion, according to Dealogic. That's down from 33 deals worth $5.5 billion in the same period last year and 59 deals worth $10.
SecureWorks generated $339.5 million in revenue last year, up from $262.1 million the year before. It had a gross margin of $155.7 million last year, but posted a net loss of $72.3 million.The company is almost entirely owned by Dell CEO Michael Dell, who gained it himself when he took Dell private in 2013.
Amazon CEO Jeff Bezos has had a nice three months. On February 9, three months ago, Amazon's stock was trading at around $482a share. On Tuesday, it finished at an all-time high of $703.07. That's a nice increase for Amazon investors, and for the company itself, which now boasts a market cap of roughly $332 billion. But the biggest winner is undoubtedly Bezos, the company's founder, who owns 17.
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.
Don't expect an Uber IPO anytime soon. That's the message from Uber CEO Travis Kalanick, who told CNBC he is in no hurry to sell shares of the fast-growing ride-hailing company to the public. "I'm going to make sure it happens as late as possible," Kalanick said in an interview with CNBC on Monday.
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.
Bill Gates became the youngest billionaire ever in 1987 at 31. In 2008, Mark Zuckerberg took that title when he reached billionaire status at 23.But not all of today's wealthiest entrepreneurs saw such success at a young age: Larry Ellison was 42 when he made his first million and 49 when his net worth reached the seven-figure mark.
Whether or not the estimate is on the mark isn't clear. We've reached out to Lyft for its take, and we'll let you know if it has a response. However precise the figures might be, they could have a big impact on the proposed settlement. It reckons that there would have been a total of $126 million in expense reimbursements, or more than 10 times the $12.25 million Lyft has agreed to pay so far.
Google's Sundar Pichai is getting a nice payday to go along with his new role as CEO of the internet search company. Pichai received roughly $183 million in stock, which will vest over a period of four years, according to a regulatory filing . The pay package appears to be one of the largest awarded to a Google executive.
during Twitter's earnings call last month "I have set up a structure that is working very well for me, so that I can spend meaningful time at both companies, and I have enough flexibility in the schedule," Dorsey said during Twitter's earnings call last monthas much as 13% in after-hours trading But investors don't seem too happy about it.
Israel is by far the largest exporter of military drones in the world. Take the AirMule from UrbanAero . It could have flown right off the pages of a Batman comic book. Designed to take off and land vertically with up to 1,400 pounds of cargo and zip through the air at over 100mph, this drone is set to transport injured soldiers from urban war zones where standard helicopters simply cannot fly.
Yahoo CFO Ken Goldman reaffirmedthat the deal runs forever, stressing there's no expiration date.But a closer look at the actual terms of the deal shows the royalties could come to an end under certain conditions.
said This merger would have threatened competition by increasing the merged company's leverage to demand that programmers limit their licensing to these online providers," said Renata Hesse, head of the antitrust division.The US Justice Department and the FCC have approved Charter's proposed takeover of Time Warner Cable and Bright House Networks. An FCC order approved the $10.
SecureWorks generated $339.5 million in revenue last year, up from $262.1 million the year before. But that came ata net loss of $72.3 million, despite having gross profit of $155.7 million last year.SecureWorks, the cybersecurity firm owned by Dell, is expected to IPO on Friday, but at a much lower price than was initially expected.
Tech stocks got slammed, bank stocks got slammed, Greek stocks got slammed, and gold (!) rallied to start the trading week. Stocks in Europe got buried on Monday and US equities followed their lead, opening sharply lower and finding no bounce during the day until the final hour when a frantic rally saw stocks gain back about half their earlier losses.