Zynga Inc. (NASDAQ: ZNGA) announced on Friday that it has named John Doerr, a renowned venture capitalist to its board as the Company looks to shift its focus away from social gaming business towards online gambling and mobile-platform focused games.
Continue reading Zynga Appoints John Doerr to its Board (ZNGA)
Zynga Inc. (NASDAQ: ZNGA) announced on Tuesday that it will soon launch two real-money versions of its poker and casino games in the U.K., in conjunction with Bwin.Party Digital Entertainment.
Continue reading Zynga to Launch Real-Money Versions of its Poker and Casino Games in U.K. (ZNGA)
Shares of embattled daily deal site, Groupon Inc. (NASDAQ: GRPN) nosedived on Tuesday after UBS analyst Eric Sheridan initiated the coverage on the stock with “sell” rating, setting a price target of $4.40 a share.
Continue reading UBS Initiates Coverage on Groupon with a “Sell” Rating (GRPN)
Speculation is rife that social networking giant, Facebook Inc. (NASDAQ: FB) will soon launch its own version of Android phone, a device which is expected to directly provide access to Facebook. In other words, there will no need to download Facebook app.
Continue reading Market is Abuzz with Speculation on Facebook’s Phone (FB)
Social networking giant, Facebook Inc. (NASDAQ: FB), which boasts to have 1 billion subscribers, said through an email statement that number of people playing games on its services have jumped 24% in last twelve months, adding that desktop game users are now more than 250 million, up from 235 million in October. Facebook said it shelled out $2 billion to developers in 2012.
Continue reading More Than 250 Million People Play Games on Facebook Site Every Month: Facebook (FB)
U.S. regulator, the Securities and Exchange Commission, (SEC) on Monday agreed to NASDAQ OMX Group’s $62 million compensation plan meant for brokerage firms that lost money during Facebook Inc’s (NASDAQ: FB) botched IPO at the NASDAQ stock exchange on May 18, last year.
Continue reading Regulators Approve NASDAQ OMX’s Compensation Plan over Facebook’s Botched IPO (FB)
In a move which is seen as a significant step towards independence from Facebook Inc. (NASDAQ: FB), social game maker, Zynga Inc (NASDAQ: ZNGA) re-launched its website, Zynga.com on Thursday.
Shares of Zynga Inc. (NASDAQ: ZNGA) slumped about 4% on Wednesday after Justin Post, an analyst at Bank of America Merrill Lynch slashed rating on the social game maker’s stock to “neutral” from “buy”, citing “less valuation upside”.
Continue reading Zynga Downgraded by BofA Merrill Lynch to “Neutral” from “Buy” (ZNGA)
Embattled daily deals site Groupon Inc. (NASDAQ: GRPN), whose shares have been under immense pressure due to slowing growth rate and flagging revenue from international markets, received a tremendous boost last week after globally renowned “value investor”, Bill Miller gave the Company surprising endorsement.
Continue reading Bill Miller Backs Groupon and Apple’s Stock (GRPN, AAPL)
Movie streaming and DVD rental company, Netflix Inc. (NASDAQ: NFLX) announced on Wednesday that it will add new features in its video services which would allow its U.S. subscribers to link their Netflix accounts with Facebook (NASDAQ: FB). As a result, Netflix users will now be able to track viewing history of their Netflix-watching friends on Facebook. Besides, the new feature will also allow Netflix users to share what they have viewed with their Facebook Friends.
Continue reading Netflix U.S. Subscribers Can Now Sync Netflix Accounts with Facebook (NFLX, FB)