Facebook’s Biggest Shareholder Bullish on Company’s Prospects (FB)

Alisher Usmannov, the Uzbekistan born Russian billionaire who also happens to be one of the biggest shareholders in Facebook Inc. (NASDAQ: FB), believes that social networking giant’s true potential “has not been understood” by investors—surprisingly not even by the Company itself.

Continue reading Facebook’s Biggest Shareholder Bullish on Company’s Prospects (FB)

Facebook in MENA: User-Base Grows 10% in 2012 (FB)

Although Facebook Inc.’s (NASDAQ: FB) user base is currently  equivalent to seventh of world’s  entire population, the social networking giant is not content as it looks to expand in untapped regions , more particularly in the Middle-East and Northern Africa region (MENA).

Continue reading Facebook in MENA: User-Base Grows 10% in 2012 (FB)

Zynga Files Paperwork, Seeks to Enter Real-Money Gambling Business in Nevada

In order to seek benefit from changing legal landscape in the U.S, beleaguered social gaming company, Zynga Inc. (NASDAQ: ZNGA)  took its first official step towards entering real-money gambling games business by filling paperwork in Nevada on Thursday.

Continue reading Zynga Files Paperwork, Seeks to Enter Real-Money Gambling Business in Nevada

Zynga Nosedives as Terms with Facebook were Revised (ZNGA, FB)

Shares of online social gaming service provider, Zynga Inc. (NASDAQ: ZNGA) plunged 12.60 percent in aftermarket hours on Thursday after the troubled company said in its regulatory filing  that its two year-old contract with Facebook (NASDAQ: FB) was revised; as a result,  hereafter, rules applicable to other game developers will also apply to Zynga.

Continue reading Zynga Nosedives as Terms with Facebook were Revised (ZNGA, FB)

Groupon’s Board Meeting On Thursday to Decide CEO’s Fate (GRPN)

The board of directors of daily deals site Groupon Inc. (NASDAQ: GRPN) is expected to hold a meeting on Thursday and discuss whether the company should looking out for a new CEO.

Continue reading Groupon’s Board Meeting On Thursday to Decide CEO’s Fate (GRPN)

Sina Considering to Launch New “Service Platform Provider”

Weibo, a microblogging platform of China’s largest internet media company, Sina Corp. (NASDAQ: SINA) is contemplating to introduce “service platform provider”, a third party microblog marketing service provider, according to a report released by Marbridge Consulting.

Continue reading Sina Considering to Launch New “Service Platform Provider”

Zynga Appoints New Chief Creative Officer (ZNGA)

It seems that departures and appointments of top executives has become a routine affair at Zynga Inc. (NASDAQ: ZNGA). Indeed, on Tuesday, the social gaming company announced that it has appointed Tim LeTourneau as its new Chief Creative Officer.  LeTourneau will fill the position which was left vacant by Mike Verdu, who left Zynga in August to pursue his own entrepreneurial venture.

Prior to joining Zynga about two years ago, LeTourneau, worked at Electronic Arts for almost two decades.

LeTourneau was VP in-charge of FarmVille 2, which turned out to be as the most successful game launch in last two months, before becoming as the new Chief Creative Officer.

LeTourneau will now be responsible for supervising game designs across-the-board, moving away from his earlier role where looked after day to day operations of FarmVille 2.  LaTorneau will directly report to Steve Chiang, who is President of Games while Maureen Fan has been appointed as FarmVille 2’s general manager.

Lately, Zynga has made many high profile hiring and acquisitions. For instance, recently it bought core game studio A Bit Lucky and also roped in John Tobias, a co-creator of Mortal Kombat-a series of fighting games.

Besides there have been many other high profile changes at top management level that did not received much attention.  For instance: Allan Leinwand, left his job as CTO of Infrastructure in Zynga on September 10  to become VP and CTO at ServiceNow, a cloud computing service company. Allan’s departure was followed by Jeff Karp, who left Zynga on September 22. Karp was the Chief Marketing and Revenue Officer.

John Schappert, who worked as Chief Operating Officer, departed Zynga on August 8. At Present, Zynga’s CEO, Mark Pincus seem to have taken over Schappert’s role. Pincus is believed to be working in close co-ordination with David Ko and Steve Chiang for developing games.

Alan Patmore, who worked as the Studio GM, departed Zynga on August 23. He is now VP of Product at Kixeye.  On August 28, Mike Verdu left his position as chief creative officer (which is now taken over by Tim Tuorneau).

 

Groupon Shares Rally After Hedge Fund Acquires 9.9% Stake (GRPN)

Shares of daily deals site Groupon Inc. (NASDAQ: GRPN) rallied in trading today after New York City-based hedge fund Tiger Global Management LLC disclosed in a filing that it acquired a 9.9% stake in the Chicago-based company.

Continue reading Groupon Shares Rally After Hedge Fund Acquires 9.9% Stake (GRPN)

Major Gainers and Losers on November 16; PENN, DELL, FB, SINA

Shares of Penn National Gaming Inc. (NASDAQ: PENN), a diversified owner and manager of gaming and pari-mutuel properties, soared in trading today. PENN shares ended the day 28.24% higher at $48.23 on above average volume of 10.59 million. The stock hit a 52-week high of $50.50 in trading today.

Continue reading Major Gainers and Losers on November 16; PENN, DELL, FB, SINA