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.
Facebook's growth shows no sign of stopping. Today is announced that it has over one billion users on average using it everyday . In August it announced it had passed a milestone of having one billion users on the site in a single day. By the next month that was the average. That's a year-over-year increase of 17 percent. Monthly active users increased by 14 percent to 1.
Google and Facebook are eating their lunch. Google and Facebook are building and buying their own ad tech. It's extremely difficult to compete with companies of that scale. Not least when they build up "walled gardens" and attempt to own every area of the ad tech stack, from buy-side to sell-side, essentially offering advertisers a one-stop-shop for all their needs.
estimates thatInstagram could become a $300 million business by 2016, while SunTrust puts the number at a more modest "greater than $2 billion" by 2017.Facebook is set to report its Q3 earnings Wednesday afternoon and Wall Street expects solid growth. Analysts expect revenue of $4.37 billion up 36.4% from $3.2 billion in Q3 2014 and EPS of $0.52, up from $0.43 at the same time last year.
in the round are public funds like Wellington Management and Baillie Gifford, which invest in private companies ahead of IPOs.Wall Street Journal's Rolfe Winkler An investor slide deck viewed by The Wall Street Journal's Rolfe Winkler said the company had bookings of $2.2 billion, double the level oneyear ago.
1.01 billiondaily active users on average for September , which is up 17% year-over-year Costs and expenses of $3.04 billion , which is up 68% year-over-year, with R&D more than doubling year-over-year to $1.27 billion The adjusted operating margin was 54% , down from 57%year-over-year About78% of advertising revenue came from mobile, up from 66% at this time last year and 76% last quarter.
Maybe ... maybe not.Aswath Damodaran, a New York University finance professor, doesn't think that a big, stodgy investor like Fidelity should invest in a startup like Snapchat. In an appearance on Bloomberg TV on Wednesday, Damodaran was asked about recent reports that Fidelity had marked down the value of its investment in Snapchat by 25%.
Fitbit shares aregetting wrecked on Friday, with shares down by as much as 11% in earlytrading. In a regulatory filing on Friday, the company put up more shares for sale — three million shares of common stock to be exact. That's down from the seven million it had initially proposed to sell. But the shares were priced at $29, which was lower than Thursday's closing price of $31.68 per share.
Larry Page and Sergey Brin meet Warren Buffett and Charlie Munger as the Berkshire Hathaway of the Internet emerges for a multi-year stock run, in our view. Today, Google announced plans to create a new public holding company, Alphabet Inc., which will provide reporting for the core Google business as well as its smaller, more speculative segments separately.
Cisco just reported its first quarter earnings. Although it reported a healthy beat, investors are not happy. Cisco is warning them that its second quarter won't be as strong as they expected. Cisco reported: But the stock is dropping in after-hours trading because its guidance was ligher than expected. Ciscoexpects 0%-2% year/year FQ2 revenue growth and EPS of 53-55 cents. Analysts wanted5.
The offices closing will be in Dubai, Mexico City, Buenos Aires, Madrid and Milan. The layoffs will mean the company will have only 9,000 employees by the end of 2016. The overall goal is to reduce operating costs by $400 million in the coming year. The company brought in $1.27 billion in revenue during the quarter. The company had a huge writedown of $4.5 billion. Ouch.
Yahoo CEO Marissa Mayer promised not to "screw up" Tumblr , the hip blogging site, when she acquired it for $1.1 billion in 2013. But on Tuesday, Yahoo acknowledged that the acquisition hasn't quite been the success it had hoped. Yahoo took a $230 million write down on Tumblr and said that the site hadn't met its revenue targets. The write down was part of a hefty $4.
The news wasn’t all bad this week for social media companies reporting their quarterly earnings.After the close of trading on Thursday, LinkedIn, the social media site you often forget about when you’re not looking for a new job, announced earnings that beat expectations, sending the company’s stock up more than 12 percent in after-hours trading.Revenue at the Mountain View, Calif.
Twitter has long argued that its reach and influence extends far beyond the 320 million people who log into its social media service at least once a month. Tweets are embedded on thousands of other websites and apps, emailed, displayed on television and published in newspapers.
The big question surrounding the Apple Watch is how well it's selling, but Apple isn't saying just yet. Without concrete numbers, we're forced to turn to various projections -- and one of the more reliable sources says that Apple's first wearable is doing well. According to IDC, Apple shipped 3.
raised about $15 million in VC funding plus an undisclosed private equity round.Maxymiser deal wasn't a l0w-ball offer, but a decent one, at least for the major stake owners.We're still trying to discover details on Oracle's purchase of Maxymiser earlier this week.
While Nintendo didn't have a lot of good news to share in its latest earnings report , it's now elaborated on a new money-maker . Yep, those Amiibo: for-real figurines that can connect to compatible games — which are eminently collectible in the process. Nintendo says it sold a stunning 9.9 million figures in the last quarter, which is up from 6.4 million Amiibos from the quarter before.
Szulczewski doesn't want or need any. When we first reached out to Szulczewski in December 2014, Szulczewski wrote that he was "both humbled and a bit surprised" to find himself on Business Insider's radar since both he and the company "try to keep a very low profile."Maybe you haven'theard of the five-year-old e-commerce startup, Wish. But all the major e-commerce players have.