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.
fourth-quarter earnings that beat expectations, the stock is now down as much as 15% (.djusted earnings per share came in at $0.99 on sales of $633.9 million.Nina Richardson tendered her resignation effective as of February 27, 2015.Units shipped in 2014 rose to 34% to 5.2 million.
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.
Somehow, your phone battery always dies at the most inconvenient moment. But now there's a quarter-sized charger that can save the day and let you send that one last text. The Devotec Fuel Phone charger is the smallest phone charger in the world and gives your phone 20 to 30 minutes of extra talk time when it's about to die.
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.
Revenues totaled $69.6 million, up from $33.5 million for the same period last year.In after hours trade on Tuesday, shares of Lending Club were down as much as 12%.For the fiscal-year 2015, the company forecast revenues in the range of $370 million to $380 million, with adjusted EBITDA expected to total $33 million to $42 million.
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.
Pandora just announced its fourth-quarter earnings, and the stock is down more than 23% after hours on revenues that missed Wall Street estimates. The company reported Q4 revenue of $268 million, lower than the company's expectations of $273 to $278 million. Analysts were expecting about $276 million. Pandora's Q1 2015 revenue guidance also disappointed analysts and investors.
Hewlett-Packard reported earnings this afternoon, and the stock dropped sharply on a weak outlook. So that's a beat. And it reported revenue of $26.8 billion vs. expected revenue of $27.2 billion. That's a miss. Analysts were actually looking for a modest increase in EPS over the year-ago quarter (1 cent) and an almost 3% decline in sales.
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.
In China, though, Apple has found success by following one, Brian X Chen reports.For years, Apple rivals like Samsung offered large-screen smartphones. Although the bigger phones sold well in China, Apple held off on releasing a similar model, and the country remained a weak spot. But Apple introduced its own versions last September, and now the sales spigot is wide open.