Social gaming company Zynga Inc.’s (NASDAQ: ZNGA) FarmVille became so popular after its launch on Facebook’s (NASDAQ: FB) platform that it threatened bigger and well established rivals in the gaming industry; nonetheless, it began to struggle after the advent of Apple Inc.’s (NASDAQ: AAPL) iPad as more and more users started to play games on smartphones.
Category: Social Media Stocks
Micro-Caps in Focus; Face Up Entertainment Group Inc. (FUEG), F3 Technologies Inc. (FTCH)
Shares of Face Up Entertainment Group Inc. (OTC: FUEG), a reality gaming social network company, plunged in trading today.
Major Gainers and Losers on August 31; ESL, FB, MDVN, LLNW, AUQ, ZUMZ
Shares of Esterline Technologies Corp. (NYSE: ESL), a manufacturing company serving aerospace and defense customers, surged in trading on Friday.
Continue reading Major Gainers and Losers on August 31; ESL, FB, MDVN, LLNW, AUQ, ZUMZ
EMarketer Lowers Facebook’s 2012 Revenue Estimate (FB)
Ever since social networking giant Facebook Inc. (NASDAQ: FB) completed its much-hyped IPO in May this year, there has been increasing concern over how the company will boost its advertising revenue growth. The latest to raise concerns over FB’s advertising revenue growth is research firm EMarketer.
Continue reading EMarketer Lowers Facebook’s 2012 Revenue Estimate (FB)
Major Gainers and Losers on August 29; YELP, ZNGA, JOSB, TFM, FB, JOY, HNZ
Shares of Yelp Inc. (NYSE: YELP), a San Francisco, California-based company connecting people with local businesses, surged in trading today.
Continue reading Major Gainers and Losers on August 29; YELP, ZNGA, JOSB, TFM, FB, JOY, HNZ
Social Media Stocks on Watch; Zynga Inc. (ZNGA), Facebook Inc. (FB), Groupon Inc. (GRPN), LinkedIn Corp. (LNKD), Renren Inc. (RENN), SINA Corp.
Shares of Zynga Inc. (NASDAQ: ZNGA), a social gaming company engaged in the development, marketing and operation of online social games as live services played over the Internet and on social networking sites and mobile platforms, rose marginally in trading on Friday.
Facebook Co-Founder Moskovitz Sells Small Portion of His Stake in the Company (FB, ZNGA)
One of Facebook Inc.’s (NASDAQ: FB) co-founders, Dustin Moskovitz, sold a small portion of his stake in the social network, according to a filing.
Groupon Shares Sink after Q2 Results (GRPN)
Despite posting better-than-expected second quarter earnings, the daily deals website, Groupon Inc.’s (NASDAQ: GRPN) shares slumped in aftermarket hours on Monday as its quarterly revenue missed estimates.
Continue reading Groupon Shares Sink after Q2 Results (GRPN)
Zynga Offers Stock options to All Employees, Attention Shifts to Mobile Platforms and Tablets (ZNGA)
According to a report published in the Wall Street Journal, a person close to Zynga’s (NASDAQ: ZNGA) matters has said that company’s Chief executive; Mark Pincus has issued stock options to every employee of the company.
Renren Reports Loss in Q2 (RENN)
Renren Inc. (NYSE: RENN), operator of a real name social networking Internet platform in China, after-market close on Tuesday reported its second-quarter financial results. The company reported a net loss for the second quarter, sending the shares down in pre-market trading today.