Social gaming giant Zynga will not make its public trading debut until after the U.S. Thanksgiving holiday, according to a report by Bloomberg News.
Zynga returned to profitability in its most recent quarter and its revenue rose 80 percent year over year to $307 million. Its monthly players fell from 228 million at the end of June to 227 million at the end of September.
Xiaomi has successfully targeted the low-end of the smartphone market: China’s biggest smartphone maker says it tripled its smartphone sales in 2014, selling more than 61 million phones. CEO Lei Jun says this contributed to more than $12 billion in revenue for the year.
The whole power of this subscription revenue model is that you have a lifetime value of a customer that is very different than the initial annual revenue from the customer and the cost to acquire that customer."There was some other decent news for Box in the updated filing as well. For instance, now 10% of Box's customers pay it for the service, versus only 7% when it first filed.
Spotify uses flashbacks to tell a girl's story of her teenage cheerleading team and their secret "Toilet Paper Committee." The TPC put on bandannas and war paint, pile into a car with mass amounts of toilet paper, and find the best houses to hit.Music streaming service Spotify is taking competitors Pandora and iTunes Radio head-on with the release of its first US TV ad campaign.
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.
Zynga -- the company that used to take all your cash before you started giving it to Class of Clans and Candy Crush Saga -- is continuing to be exceedingly generous by spending all its cash without making any back, according to its newly released earnings report.
We achieved our best-ever revenue and strong profits in the third quarter. There is more to do, but our results give us confidence that we're successfully executing to our strategy of extending our products across a broad range of exciting new markets," said Intel CEO Brian Krzanich.Intel's third quarter earnings beat expectations and shares were up as much as 2% in after hours trade.
Non-GAAP earnings don't include stock-based compensation and certain other expenses.Analysts were expecting non-GAAP earnings of $0.13 per share on $1.37 billion in revenue.Salesforce just reported non-GAAP earnings of $0.14 cents per share on $1.38 billion in revenue. Net loss was $39 million, down significantly from last quarter's $61 million.
Oracle just report its first-quarter fiscal 2015 earnings its another miss: $0.62 EPS versus expectations of $0.64. Revenue of $8.06 billion versus expectations of $8.77 billion. And it just shocked to the world by reporting that co-founder Larry Ellison is stepping down as CEO. He was the longest sitting CEO in Silicon Valley and gave no indications that he had planned to retire anytime soon.
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.
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.
Investors are not happy with Oracle right now and it cost its co-founder and CTO Larry Ellison, close to $2 billion on Friday. Ellison is Oracle's largest shareholder with over 1 billion shares, a 25% stake. So he gets hurt when the stock drops as it did by about 4% on Friday. That's because Oracle reported yet another weaker-than-expected quarter on Thursday.
One of the best features about Apple's new iPhones is their improved battery life. However, that doesn't mean you won't eventually run out of juice.Portable chargerscanfill in the gap, but are annoying to carry around. Afterburner combines the convenience of an extra battery pack with a case. It provides 150% phone charge in your pocket.
many of them arewith the site, thanks tos in, LinkedIn users have lots of it.higher than 31% average for the entire web."When Reid Hoffman cofounded LinkedIn in December 2002 , he was breaking a taboo. The social network asked people to share theirrsums with the public. Now, LinkedIn might be the most elite of the social networks. LinkedIn users tend toward white collar and highly educated .
Cheap, mass-produced semiconductors have transformed our world, with smartphones, laptops, sensors and tablets, all connected to big cloud computing systems.Now the business power of that transformation, in particular the size and might of the biggest cloud systems, is in turn affecting the powerhouses of the information age.
Shares of Oracle were down as much as 3% in after hours trade on Thursday after the company announced the CEO Larry Ellison would be stepping down . Ellison will be taking a role as executive chairman and CTO. Oracle also announced that both Safra Catz and Mark Hurd will serve as CEO of the company. The company also reported earnings and revenue that missed expectations.
Uber has hired Goldman Sachs to raise money from the bank's high-net-worth clients, Fortune's Dan Primack reports. Primack reports that Goldman began sending information packets on Uber to its wealth management clients Monday morning and that the bank could raise "hundreds of millions of dollars to support Uber's balance sheet and international expansion efforts.
There's no question that IBM is undergoing a huge and painful transformation . Chairman and CEO Ginni Rometty is doing a lot of things right to navigate IBM through it. But Tuesday was a pivotal day for the company and she was no where to be seen, missing a chance to show leadership. On Tuesday, IBM announced its fourth quarter earnings and offered guidance for 2015.