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.
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.
King, the company behind theCandy Crushsagafiled its IPOtoday, but is the makeranother Zynga(Farmville),another Rovio(Angry Birds) or something else again? Nearly 100 million users playCandy Crushevery day, and while the company's titles remain free to play, it depends on virtual goods, additional levels and content purchases to bring in the cash. Selling shares at $22.
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.
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.
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.
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.
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
IPO activity on Wall Street is heating back up. This week saw King — the maker of the addictive game Candy Crush — go public, only to see its stock tank three straight days in a row. Also this week we got the S-1 filing from Box, which makes a cloud-based file system, and though the company is a phenomenon, it's bleeding an unholy amount of cash . Still! The IPO window is open.
Wall Street has finally found an adtech IPO that it actually likes. Maybe even loves. Rubicon Project, the giant online ad server, went public today at $15 and by mid-afternoon the stock was up 36% to $20.52. The sale raised $101.5 million from 6.8 million shares. Rubicon will get $81.
The company's losses are five times its 2013 revenues, and its marketing costs are three times its revenues.In just five days, Castlight has become the poster child for people who believe the current tech boom is nuts. Theare to blame.
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.
Comcast has confirmed that it's going to buy Time Warner Cable to form a huge, tangled monster of awfulness. Hooray! You want out? Lucky for you there are some alternatives to doing business with your monopolistic cable-internet master if you try hard enough. Here are your options, and good luck making your escape. Read more...
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.