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.
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.
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.
Britain's biggest retailer Tesco has confirmed it has scrapped the planned sale of its Dunnhumby data and loyalty unit. In the supermarket's lousy first half results posted Wednesday, in which its interim profits more than halved, Tesco said it would retain Dunnhumby following a "comprehensive strategic review.
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.
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.
Yahoo’s chief executive, Marissa Mayer, and her husband, Zachary Bogue, are expecting twin daughters, according to an announcement she made on Yahoo’s Tumblr.Ms. Mayer said Monday that her twins were due in December and that she planned to work throughout her pregnancy. When she was first hired by Yahoo in 2012 from Google, Ms.
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.
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
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.
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.
Mobile phone carrier AT&T has been fined $100 million for their slowing of data speeds on users of "unlimited data" plans. At this point in time "unlimited data" is no longer a service you can purchase from AT&T, it's only a grandfathered service.