, Zynga Poker notes a 41% drop in stocks.
Zynga Inc, the social game developer of such hit games as “Farmville” and CityVille”, published its second-quarter earnings. The weak financial results as well as also weak expectations for the rest of the year caused Zynga’s stock prices dropped 41 percent, to $3.18 a share.
, Zynga hit by class-action lawsuits after shares dropped last week
Zynga Inc., the well-known casual games publisher, was hit by lawsuits filed by its shareholders. They are accusing the popular game creator of not warning them about drops in user and revenue growth before Zynga’s outcomes resulted into a decline of its shares just last week. In addition, many of Zynga’s investors and executives cashed out their investment in the company for huge sums just before the firm’s stock dropped.
, Zynga Makes Its IPO Debut, 100 Million Shares Already Sold
Zynga has made a stand in virtual games like FarmVille, CityVille, mafia wars, and many more. The billion-dollar entry will be the second largest IPO offering since Google went public in 2004. The IPO has yet been topped only by online bargain service Groupon, which saw ups and downs in its stock prices after went public last month.
, Facebook IPO Update: What’s cooking?
There's been plenty of buzz and rumor for sometime about the Facebook initial public offering. When's it going to happen? Will it really be a $10 billion offering? Is Facebook really worth $100 billion dollars? Will it be able to survive better than Google and Pandora? Here are a few more answers to the many questions going around:
, More News Emerges about Facebook Going Public
The latest rumor buzzing in the business world is that social networking giant Facebook is working to raise $10 billion for an initial public offering, tentatively set for the second quarter of 2012. If this is true, the Facebook IPO gives the company a valuation of $100 billion, twice as big as companies like HP and 3M. Although, it's hard at this point to monetize and to measure the assets of a social media company for the purpose of going public (hasn't really been done before), there's not denying that a Facebook IPO would simply be huge.
, LinkedIn’s Debut at $45/Share Sets Stage for other Social Media IPOs
The California-based professional social networking website, LinkedIn, co-founded by Reid Hoffman and run by chief executive Jeff Weiner, is all set to make a …
