Facebook shares are rallying after their post-IPO slump, climbing 22 percent over the past two weeks. Besides a slight downturn on Wednesday, the stock has slowly climbed closer to its initial value of $38 on May 17. After its botched opening, the stock had fallen by as much as 32 percent to $25.52...
Facebook has changed its payment system, doing away with its Credits program as well as allowing app developers to offer subscription billing. Facebook currently sells in-app purchases for Credits -- digital tokens that allowed users to buy virtual goods within games or apps. But the company found t...
In the weeks running up to Facebook's initial public offering on May 17, correspondence between the Securities and Exchange Commission and the social media giant flew fast and furious. The government agency had a number of questions about Facebook's business model that it felt were not adequately ad...
Zynga's share price dropped to a record low after an analyst's research note revealed that its usage declined in May due to players migrating to mobile platforms. At close of business on Tuesday, the stock had dropped to $4.98 per unit, the lowest level since its December initial public offering at...
The honeymoon is over for Facebook and Mark Zuckerberg. In fact, it ended before it began. Facebook's long-awaited and much-hyped IPO is just over a week old, and the blame game is on as the company has lost 16 percent of its value since the initial offering. Wall Street's take on Facebook has gon...
It pays to advertise, right? Not necessarily, as Oracle found out when it tangled with IBM recently over advertisements in which Oracle claimed its servers were faster and much less expensive than IBM hardware. Unlike Oracle's headline-grabbing Java copyright and patent infringement suit against Goo...
Facebook announced an estimated price for its long-awaited initial public offering Thursday, setting a range of $28 to $35 per share. The top end of its estimate would give the social network a valuation of $96 billion. The company's upcoming roadshow starts Monday and will stop in major U.S. citie...
Zynga has inked a deal to acquire OMGPOP, maker of the wildly popular "Draw Something," as well as 35 other social games. When it joins the Zynga fold, OMGPOP will focus on building new mobile products for Zynga. The purchase price is estimated at $200-$250 million. Based on what is known about OMGP...
Zynga is launching its own platform this month as a beta, with a number of features designed to lure players away from their comfort zone on Facebook. There is, for example, a way for players to meet and connect with other players -- in other words, you don't need a set of already-connected friends ...
Online game maker Zynga reported a net loss during its first quarter as a publicly traded company, due mostly to heavy stock compensation from its IPO and an increase in research and development costs. Revenue at Zynga, however, was up 59 percent during the last three months of 2011. The company bro...
Facebook filed it's long-awaited S-1 form with the U.S. Securities and Exchange Commission on Wednesday, announcing its intent to raise $5 billion and begin public trading. The highly anticipated move caused enough of a stir to clog traffic on the SEC's website and provided some insight into the soc...
Andreessen Horowitz announced that it has raised US$1.5 billion for a fund aimed at investing in technology startups. The new fund is launching just as one of the firm's well-known bets, Facebook, prepares to go public. Andreessen Horowitz has an unspecified stake in the social network. Indeed, amon...
Facebook will likely make its initial public offering in May and could be valued as high as $100 billion, according to a recent report. The social networking giant boasts 800 million users worldwide and is expected to hit 1 billion in August, according to iCrossing projections. It's reportedly expec...
It looks as though Zynga was right to err on the side of caution when it priced its long-awaited IPO on Thursday evening. The social media gaming company priced the offering at a very conservative $10 per share, below the rumored $12 price per share that it was said to be considering. On Friday morn...
Jive Software has made its debut on the Nasdaq, following on the heels of other recent tech company IPOs such as Groupon, LinkedIn and Netflix. Jive, a maker of collaborative social media software for the enterprise, doesn't have the consumer orientation of those three, but it's apparently similar e...
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