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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.
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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.
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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 equity research analyst Mark May initiated coverage on 11 Internet stocks on Tuesday.
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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.
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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.
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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.
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Social games developer, Zynga Inc. (NASDAQ: ZNGA) was downgraded to “underweight” from “equalweight” by Morgan Stanley on Friday.
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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.
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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.
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