Shares of Zynga Inc. (NASDAQ: ZNGA) tumbled in afterhours trading on Thursday after the social gaming company said that it will drop its plan to create a real-money gaming business in the U.S. The company also reported its financial results for the second quarter.
Category: Social Media Stocks
Facebook Beats Q2 Estimates as Mobile Ads Revenue Soar (FB)
Shares of Facebook Inc. (NASDAQ: FB) soared in afterhours trading on Wednesday as the social networking giant’s fiscal second quarter results topped analysts’ consensus estimate, aided by rising revenue from mobile ads business. Continue reading Facebook Beats Q2 Estimates as Mobile Ads Revenue Soar (FB)
Zynga Launches Beta Version of New Action Strategy Game “Dojo Mojo”
Social gaming company, Zynga Inc. (NASDAQ: ZNGA) launched its second action strategy game, “Dojo Mojo” on Facebook (NASDAQ: FB) last week. “Dojo Mojo”, the second largest action strategy game after “Empires & Allies”, is currently available in its beta version.
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Citigroup Initiates Coverage on 11 Internet Stocks
Citigroup equity research analyst Mark May initiated coverage on 11 Internet stocks on Tuesday.
Continue reading Citigroup Initiates Coverage on 11 Internet Stocks
Facebook Rolls Out “Graph Search” in the U.S. (FB)
Social networking giant, Facebook Inc. (NASDAQ: FB) is all set to roll out its much talked about, search feature—the graph search, from Monday. Facebook, which launched its beta version about 6 months ago, said that the new feature will be available to all users in the U.S.
Continue reading Facebook Rolls Out “Graph Search” in the U.S. (FB)
Don Mattrick to Replace Pincus as Zynga’s New Chief Executive Officer (ZNGA)
Embattled online social gaming services provider, Zynga Inc. (NASDAQ: ZNGA) announced on Monday that Don Mattrick will serve as its both new Chief Executive Officer and a member of the board directors , effective July 8 2013. Continue reading Don Mattrick to Replace Pincus as Zynga’s New Chief Executive Officer (ZNGA)
Chinese Social Networking Platform, Renren Announces $100 million worth ADR Repurchase Program (RENN)
One of the leading names in China’s online social networking platforms, Renren Inc, (NYSE: RENN) announced on Friday that its Board of Directors has approved a new share buyback program.
Zynga Shares Downgraded by Morgan Stanley (ZNGA)
Social games developer, Zynga Inc. (NASDAQ: ZNGA) was downgraded to “underweight” from “equalweight” by Morgan Stanley on Friday.
Continue reading Zynga Shares Downgraded by Morgan Stanley (ZNGA)
Facebook Unveils Video Feature for Instagram (FB)
Social networking giant, Facebook Inc. (NASDAQ: FB) launched a video feature for its immensely popular, photo-sharing app, Instagram in its headquarters in Malone, California, on Thursday. Continue reading Facebook Unveils Video Feature for Instagram (FB)
Facebook Might Unveil Video Feature on Thursday: TechCrunch (FB)
Social networking giant, Facebook Inc. (NASDAQ: FB) has invited members of the press to visit the company’s headquarter at Menlo on Thursday as it wants them to “learn about their new product”. According to the market grapevine, Facebook’s new product could be a video feature in Instagram.
Continue reading Facebook Might Unveil Video Feature on Thursday: TechCrunch (FB)