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.
Mark Pincus, the founder of Zynga, is stepping back from the once-hot social gaming company as its new leader seeks a turnaround.Zynga said that Mr. Pincus decided to give up all operational responsibilities at the company, though he will remain its chairman and largest shareholder. Nearly a year ago, Mr.
As it has been for the past several years, Google has reported a quarter in which they’re growing substantially. One of the more interesting things to have happened to the company in the first quarter of 2014 - also Google’s financial first quarter - is the sale of Motorola Mobility to Lenovo Group Limited.
. Gross bookings were $641.1 million, which is up from the previous quarter of $632 million. EPS was $0.61 versus analyst estimates of $0.57.Monthly active users were 481 million, up from the previous quarter which had 408 million monthly active users. Daily active users were also up: 143 million versus 124 million the quarter before.
Shares of TubeMogul, a digital branding company, surged more than 60% in their public debut Friday. TubeMogul priced its IPO at $7 per share, and the stock finished Friday at $11.50 for a gain of 64% on its first day of trade. At its current stock price, TubeMogul's market cap is about $329 million. TubeMogul is a software company that operates a video advertising platform.
An inefficiency in the US tax code is causing US multinationals to hold more and more cash overseas. According to data analyzed by Bloomberg , US companies are now holding about $2 trillion abroad.The multinational companies have accumulated $1.95 trillion outside the U.S., up 11.8 percent from a year earlier, according to securities filings from 307 corporations reviewed by Bloomberg News.
Twitter is struggling to convince Wall Street that it is still a company with plenty of potential to grow, Nicole Perlroth reports.In its second earnings announcement as a public company, Twitter said on Tuesday that it had more than doubled its revenue, beating its own forecasts and the expectations of investment analysts.
$72.6 million in revenue during Q1 versus expectations of $75.52 million. It had EPS of -$0.12, versus expectations of -$0.10.The guidance is really bad.Analysts were looking for $96.4 million next quarter, but Millennial is forecastingMillennial went public at the end of March 2012. After its first day of trading, the stock was at $23.50. After hours, the stock is down to $2.90.
When Box filed its long-awaited paperwork to become a public company, it caused a lot of talk about the financial health of the company, and the long-term viability of its business model. At issue was how much money Box is spending compared to its revenue, particularly on sales and marketing.
Barely a week since successfully completing sea trials after a three year hiatus, the venerable research sub Alvin is already earning back the $42 million in hardware upgrades and engineering retrofits it's received—showing off its spaciou
"You’ve never actually charged a battery to 100%," the founder explained to the audience. His logic: When a battery charges to near-completion, it begins to degrade. A black gunk begins to form in the battery, which eventually destroys it. BatteryOS says it's found a way to charge batteries all the way up without that residue forming.
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.
. Shipments have now declined for eight consecutive quarters on a year-over-year basis.Sequentially, shipments in the second quarter actually ticked up 23% compared to the first quarter of 2014, when shipments hit a previous record low of 1.8 million units.
GoPro, the portable camera company, filed for its IPO Monday . The company is profitable. It made $61 million in 2013. Revenue seems to be growing nicely year over year too. The company generated $986 million in 2013, up from $526 million in 2012 and $234 million in 2011. Now for some weird stuff. Quarter by quarter, revenue appears to be all over the place.
King ended up pricing its IPO in the range of $21 to $24 share,At the high end of that range, the deal would raise $532.8 million and value King at $7.6 billion.King and early investors like private-equity firm Apax Partners LLP intend to sell 22.2 million shares, according to Bloomberg, which would raise a little less than $500 million.
When you travel the world, having a few drinks with your hosts is a great way to get a sense of the local culture. But excessive alcohol consumption can cause physiological consequences . Don't worry—a hangover is universal, and your new friends probably already know a way to cope with it.Read more...
The action camera maker GoPro filed paperwork on Monday to sell shares to the public, offering clues about how it navigated the treacherous waters of the digital photography business.The company, based in San Mateo, Calif.
LONDON – All is not well in the land of Angry Birds.On Monday, Rovio, the Finnish gaming company behind the once-popular franchise, announced a more than 50 percent drop in its 2013 net profit, to $37 million, compared with the previous year.