Zynga's stock is getting hammered again today, falling over 7% this morning.
Being relative newbies to this whole tech IPO thing, some of us in the office are asking, "What the heck is going on here?"
We were spoiled by Groupon and LinkedIn this year. We just thought, "IPOs pop. At least for the first few days.
Words With Friends game maker Zynga announced that it is acquiring U.K.-based gaming company NaturalMotion for $527 million in cash and equity. The company also announced that it would be laying off about 15% of its workforce — that comes out to roughly 314 employees.
King.com, the maker of mobile game Candy Crush Saga, has filed for a "secret" IPO in the U.S., according to The TelegraphThe public offering of stock promises to be the biggest casual game company deal since EA bought PopCap in 2011 for $1.3 billion.Few financial details are available, but it was turning over around £300m at the start of this year and has grown rapidly since then.
This has been a year for failures. HealthCare.gov, the Facebook Phone, Microsoft’s bailout of Nokia, and the abortive sale of BlackBerry were just exclamation points on a year that saw the economy slowly turn around. Some companies succeeded wildly, and others…well, not so much.
Sometime in the next several weeks or months, Twitter is going to go public. Before that happens,Twitter will publish, in a series of public SEC filings, in-depth information about its business.All this information will help investors figure out whether or not Twitter is a healthy company worth investing in. We'll learn how much money it brings it, how it spends its money, and how much it is profiting, if it at all. We'll learn if those numbers are shrinking or growing, and how fast.
Here's what the internal Words With Friends dictionary looks like:It's been a crazy year for game-maker Zynga — it fired 15% of its workforce, and bought U.K.-based game company NaturalMotion in January — but it looks like the company is trying to turn things around.
Welcome to our new Payments Insider newsletter, a morning email with the top news and analysis on the digital payments industry, produced by BI Intelligence UPGRADING TO CHIP AND PIN CARDS CARRIES A HEFTY PRICE TAG FOR TARGET. Upgrading Target's systems to the EMV or "chip card" standard would cost $100 million, according to John J.
On March 26, 2012, a new media startup called Upworthy launched. Now it has 50 million monthly unique readers.Almost all of its readers come from Facebook. The headlines, which Upworthy's editors toil over, leave much to be desired and tug at heart strings.
Social gaming firm Zynga today plunged 12 percent in regular trading, following a warning bySterne Agee’s Arvind Bhatia , whichindicated that the market’s fourth-quarter consensus may be too optimistic.
Twitter's stock price rose to record levels three times in as many days. It closed today at $69.96, rising 8.4% over yesterday. In turn, the price closed 7.5% higher yesterday than the day before. The social media company's market valuation now stands at nearly $40 billion.
How Tech Companies Prepare for Life After the IPO
When Google went public in 2004, the company had a simple message for employees: Keep the sports cars at home.
Google's IPO created plenty of millionaires and even some billionaires, but founders Larry Page and Sergey Brin worried that it might also create a visible wealth disparity and shift employees' focus away from their work.
Report: Twitter Seeks $1 Billion Line of Credit Twitter is reportedly seeking a line of credit between $500 million and $1 billion leading up to the company's IPO, according to the New York Post . The tactic is similar to one used by Facebook during it's pre-IPO run in 2012, and the money could be used to help Twitter expand even further in the months immediately before hitting the market.
Groupon founder, and former CEO, Andrew Mason had an interesting reaction to Twitter's confidential IPO. Confidential S1s? But what could be wrong with releasing 100s of pages of new financial and strategic co. info to the Internet while gagged? — Andrew Mason (@andrewmason) September 13, 2013The company was shredded by the press, often called a "Ponzi scheme.
Organovo's 3D-printed mini-liver just shattered its own record, carrying out the same cellular functions as a natural human liver for 40 days in the lab. That may not seem like a lot — human liver cells are replaced about every 300 to 500 days — but the company's previous millimeter-sized liver slivers only managed five days.
Somewhere to the right of Samsung's huge 105-inch UHD TV, there was something even morecurious. The TV was initially switched off, but otherwise plainly labelled for all to see: "85-inch bending TV." We stuck around to see it in action -- check it out after the break.Many will say why. Others, simply, whynot?
Todd Thoenig contributed to this report.0 CommentsShare
An agreement that held Twitter employees from selling their shares of the company's stock is set to expire this weekend. The Wall Street Journal reports that Twitter employees will be allowed to sell up to 9.9 million shares beginning this Saturday. This will be the first chance Twitter have had a chance to cash out since the IPO.
So much for surprises. Oppo has been trying to maintain anaura of mysteryaround the launch of theFind 7on March 19th, but the design lovers at Red Dot have spoiled things byshowing offthe smartphone in their product gallery, nearly two weeks ahead of time. While we've had some idea of what the Find 7will look like, it's now clear that the 5.
For the most part, investors have been lapping up enterprise tech IPOs. Not so for Violin Memory, makers of flash storage systems for enterprises.It raised $162 million by selling shares for $9 to investors that subscribed to its IPO, but when the opening bell rang on Friday, public investors weren't biting at that price.The stock tanked, opening at under $8 dollars and trading as low as $7.
As Chinese phone makerMeizuapproaches its eleventh anniversary come March 14th, its notoriously reclusive founderJack Wongmade a surprise return -- in front of cameras, no less -- to his company'sZhuhai headquartersthis weekend as CEO.