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.
Lending Club, the online marketplace for loans, has raised its IPO price range to $12 to $14 a share from $10 to $12.At the top range of that, Lending Club will raise up to $929 million when it goes public tomorrow, which makes it the largest IPO for a US tech company this year. On a fully diluted basis, Lending Club will be worth more than $6.5 billion.
Box’s long-awaited IPO may finally happen this week. But if you are an investor planning to buy its shares, there’s one thing to understand: it's selling dual-class shares. According to its S1, Box is offering two types of shares in its offering, Class A and Class B.
In early 2014, a few months before taking his company public, Zendesk CEO Mikkel Svane and his two cofounders, Morten Primdahl and Alexander Aghassipour, went out for drinks in San Francisco.It was the first time in a while that the three cofounders had gotten together after work. They founded Zendesk in Svane’s Copenhagen apartment seven years ago, and the three were close friends.
It's been a great year of returns for Yahoo's investments. On Friday, the company nabbed another windfall when its spinout, Hortonworks, became a public company . Yahoo retained a 17%-plus stake (7,572,174 shares), according to forms filed with the SEC . The stock is trading at about $25 on Monday, well above the initial $16 IPO price, and is worth $189 million.
This week the folks at Barnes & Noble announced that they'd be buying back the shares of Nook they'd sold over the past several years. This began with an October 2012 investment by Microsoft of $300 million dollars to create Nook Media LLC. Two months later, British education and publishing company Pearson purchased a stake in Nook for $89.5 million.
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.
Many of the most successful new games companies have rushed to sell shares to the public as soon as they possibly could.But Kabam, a mobile games maker, wants to put off an initial public offering for as long as it can.
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.
Box raised its IPO price to $14 a share, making it worth about $1.67 billion, Reuters reported Thursday. That’s slightly more than the initial pricing range of $11 to $13 a share Box had set in its S1 two weeks ago. At $14 a share, Box will be able to raise $175 million from its IPO. Raising the IPO price usually means investor interest is high, so that’s good thing for Box. But the $1.
Mark Cuban doesn't think there are any downsides to being a billionaire. Speaking at Business Insider's Ignition conference , Cuban said that he hates when he hears other billionaires giving interviews and complaining about the hassles of being wealthy or in the spotlight all the time. "I'm like, 'Are you kidding me?' I mean, that is the dumbest s*** ever," he says.
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.
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.
Investors are snatching up shares of Aruba Networks thanks to a report that it's in the final lap of negotiations to be acquired by HP. Aruba is up about 20% Wednesday afternoon. Prior to the gold rush for the stock, Aruba had a market cap of about $2 billion, and now it's about $2.5 billion. Aruba makes equipment for enterprise WiFi networks.
some public SaaS companies like Workday and Veeva lost as much as half of their value in a matter of weeks between February and April."We're incredibly excited for the coming year and the next phase of Box's growth. As always, our goal is to deliver amazing technology that transforms the way individuals and businesses work," Box told us in a statement.
The Zuckerbergs' money will go towards buying equipment and technology for the new hospital, which is set to open by the end of 2015. It's being built on the site of the old hospital, whose structure doesn't meet earthquake-safe standards.Chan is a pediatric resident at UCSF and has worked alongside doctors at San Francisco General. The hospital is currently the only trauma center in the city.
Stan Lee, former editor-in-chief and president of Marvel Comics , seems to have just hinted that the higher-ups at several of the world's largest movie studios are at least considering a giant cross-over feature with some of the most popular comic book properties.