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.
Share buybacks are a common tactic large companies employ to boost their share price. The company buys back shares sold on the market, reducing the total number of shares available, thus boosting each outstanding share's price.A big part of Yahoo's value has been tied up to its ownership in Alibaba shares, the giant Chinese e-commerce site that had the largest IPO in the US last year.
This story was originally sent to thousands of professionals just like you in this morning's IoT WEEKENDER newsletter. Don't be left in the dark while your competition gets ahead each morning. Learn more about our 7-day FREE trial now FITBIT’S IPO A BIG SUCCESS: On Wednesday night FitBit announced its official IPO price of $20 per share.
The return of a founder to a company is a well-worn story line in Silicon Valley, Mike Isaac reports.In Apple’s darkest hour, Steve Jobs came back, eventually turning the computer maker into the world’s most valuable corporation. In April, Mark Pincus stepped back into the chief executive role at Zynga.
MOUNTAIN VIEW, Calif. — Early this year, Google unveiled renderings of several clear, tent-like buildings that would replace its current Silicon Valley headquarters, known as the “Googleplex.” Renderings may be about as far as the idea is likely to go.
High school is teenage tribalism, which is why the Lip Service kids aren't going to hang with the Forever 21 set in the lunch hall. Now, however,Hot Topichas realized that it's got plenty in common withThinkGeek, and has decided to swallow the niche retailer in a deal worth $122 million.
Facebook's top product person has displaced the top sales person in the company's ranking of its highest paid executives.Chris Cox, Facebook's chief product officer, made his debut appearance on the company's proxy statement today, with a total 2014 compensation package worth $12.47 million.
The retirement accounts of millions of Americans have long contained shares of stalwart companies like General Electric, Ford and Coca-Cola. Today, they are likely to include riskier private stocks from Silicon Valley start-ups like Uber, Airbnb and Pinterest, David Gelles and Conor Dougherty report.Big money managers including Fidelity Investments, T.
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.
Dave Goldberg is half of one of Silicon Valley's most powerful couples. He's the CEO of uber successful Valley company SurveyMonkey, with an epic career that began in the Internet bubble days. And he's married to Sheryl Sandberg, the COO of Facebook. By any measure, Goldberg has a fantastic life.
Although Oracle whiffed on its fourth quarter , missing expectations on both revenue and profits in the quarter that is traditionally its strongest, Oracle's management was upbeat, almost deliriously so. "We are delighted with this quarter," one of Oracle's CEOs, Safra Catz said on a quarterly conference call with analysts.
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.
Business collaboration app Box saw its shares plunge as much as 17% after hours following its first-ever earnings report on Wednesday. At first, it looked like Box had missed on earnings. Wall Street estimated an non-GAAP loss of $1.17 per share, while Box reported negative $1.65 per share. But it turns out Wall Street analysts counted the wrong number of shares.
In a new update to Facebook Messenger, Facebook has given users finer controllers over location sharing information. Facebook Messenger Now Shares Your Location Information Only When You Tell It To is a post from: iPhone in Canada Blog - Canada's #1 iPhone Resource
It doesn’t seem that long ago that I reviewed my first desktop multi-USB charger . That one had four USB ports, which of course, I quickly filled up. Today, my desk graduates to 8 USB charging ports. Here’s what you get in the box: 1 x EasyAcc 8-Port USB Desktop Charger 1 x DC 12V 5A Adapter 1 x Power Cord 1 x User Manual Size (LWH):5.51 inches, 1.06 inches, 2.76 inches Weight:8.
Business Insider previously reported that an independent analysis of, and that the number of peopleon the app is growing. The general chatter around Twitter, among app developers and stock owners, is that Twitter's user growth has all but ground to a halt.Twitter reported its Q1 2015 numbers on April 28, and.
The problem is, it's not that simple.The idea in this tweetstorm is that anyone who owns anything(or inhabits it, in the case of some AirBnBs which are, in fact, rental units), can "share" it by renting it out when they aren't using it, thereby increasing their income and reducing income inequality.The problem is that it's not true.