Cory Johnson reported for Bloomberg West last night, pointing out that Zynga doesn't expect people to play its games as long as they used to. He also calls the company on unusual accounting practices, saying, "The revenue recognition of Zynga has made Zynga look like a very different company than it is."
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The retirement accounts of millions of Americans have long contained shares of stalwart companies like General Electric, Ford and Coca-Cola. Today, they are likely to include riskier private stocks from Silicon Valley start-ups like Uber, Airbnb and Pinterest, David Gelles and Conor Dougherty report.Big money managers including Fidelity Investments, T.
EMC is the 800-pound gorilla in the storage space with a market cap over $60 billion.But every incumbent gets disrupted by a new startup at some point, and EMC has plenty of young, hungry companies nipping at its heels. One of them is Pure Storage,a five-year-old company that has raised over $470 million at a roughly $3 billion valuation.
As Jay Z sees it, there is a clear solution to the problems facing musicians in the streaming age. They should band together — behind him, of course, Ben Sisario reports.On Monday, Jay Z, the rap star and entertainment mogul, announced his plans for Tidal, a subscription streaming service he recently bought for $56 million.
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.
It's no secret that computers and robots have beenputting people out of workin recent years, but that trend is about to accelerate... at least, if you ask the computers themselves. Amachine learningalgorithm from Oxford University hassiftedthrough US Bureau of Statistics data and believes that up to 47 percent of American jobs could be replaced by technology within the next 20 years.
Reading the one-star reviews that have popped up for Monument Valley over the past 48 hours is like a comedy routine. I've never seen so many people who claim to love something immediately resort to bashing it when they realize getting more content out of it isn't free.
TheInternational Space Stationisn't expected to maintain fundingpast 2024, but that doesn't mean that everything will come crashing down when the money runs out. Russia's Federal Space Agency hasdecidedthat it will keep its station modules in orbit after the ISS goes out of service, using these leftovers to create its own base -- its first since Mir was decommissioned in 2001.
Never mind that Sony plans tospin offits audio and video business. For now, the company is pressing ahead with plans to sell high-end A/V gear, even if it's not exactly sure who's going to buy it. According to theWall Street Journal, Sony next month will beginning selling a "Premium Sound" memory card aimed at audiophiles that claims to produce less electrical noise when reading data.
A new communications network is set to launch that is backed by Skype co-founder Janus Friis and over 50 other people from 23 different countries. The communication network is called Wire and it promises to support text messaging, voice calling, sharing images, music, and video on phones, tablets, and computers. Windows computer users are left out at least for now.
Space Invaders is right up there in the gaming hall of fame, together with the likes of Pong and Pac-man, which have sparked the imagination and creativity of many young ones, despite or even probably because of the simplistic 8-bit style. And when it comes to imagination and creativity, nothing beats this new generation of makers and their tools.
Sony blew it Wednesday by pulling "The Interview" from theaters without coming up with an alternative way to distribute the movie. There was a big opportunity to at least announce that the "The Interview" would premiere online instead of in theaters. But by completely caving to demands, Sony has emboldened other hackers to harass companies with the expectation of similar results.
Uber is close to raising a new round of funding that would value it between $35 and $40 billion, according to Bloomberg . T. Rowe Price is said to be among the new investors. The valuation matches what Business Insider's Henry Blodget heard from a source last week .
The fastest growing sporting environment today is - unequivocally - video games. It's a segment called "eSports", and the folks at theScore are aiming to bring a one-stop-shop for following the biggest and the best games in the world to mobile devices.
The listening experience is rather tough to describe, and I know audiophile headphone reviews can be tricky to detail without actually trying the headphones on for yourself, but let me just say these analog headphones have a warmth that makes them sound truly one of a kind.In 1990, Sennheiser engineers set out to create the best headphones in the world.
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.
Before people started going crazy over the current incarnation of number puzzle games like 2048 and its ilk, a few years back, there was Drop7. But developer Zynga surprisingly stopped updating or improving it, that is, until now. They have now rebooted the game that was one of the first puzzle game successes, but it seems like not everyone is crazy about the changes they made.