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Shares of professional networking site, LinkedIn Corp. (NYSE: LNKD) have risen sharply in early trading today following the release of the company’s third-quarter financial results.
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Zynga Inc. (NASDAQ: ZNGA), a California-based social gaming company that offers virtual games worldwide and support on social networking sites, cellular devices and internet forums, reported results for the third quarter ended Sep 30, 2012.
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Social networking giant Facebook Inc. (NASDAQ: FB) surprised everyone on Tuesday after the company’s third-quarter results showed mobile advertising growth. The positive surprise has sparked a huge rally in FB shares, which are up more than 25% pre-market trading today.
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Shares of Zynga Inc. (NASDAQ: ZNGA) tumbled 20% in premarket trading on Friday after the company late on Thursday downwardly revised its outlook on fiscal 2012. The company has now slashed its fiscal 2012 guidance for the second time in last two months.
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Some people wrote it off; others questioned its valuation while some doubt its future; but, the reality is that Facebook Inc. (NASDAQ: FB) is still the leading social networking site, in terms of active monthly users and is going strong.
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Under pressure for not being able to generate enough clicks on advertisements posted on its website, Facebook Inc. (NASDAQ: FB), the social networking giant urged advertisers to look at bigger picture instead and should not worry about number of hits.
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Social gaming company, Zynga Inc. (NASDAQ: ZNGA) has failed to acquire online poker provider Ongame Network. Even though Zynga was said to be “leading the race” for quite few months, the Montreal Canada-based company, Amaya Gaming Group eventually won the bidding. Amaya Gaming Group announced on Monday that it bought Ongame for $32.2 million from [...]
Shares of Social Network, Facebook Inc. (NASDAQ: FB) are flat in trading today after falling sharply in the previous trading session. FB shares slumped on Monday after an article published in the financial magazine Barron’s stated that the “Stock is too pricey”.
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Illinois-based Shopping Deals Provider, Groupon Inc. (NASDAQ: GRPN) has a brought a good deal for merchants, with the launch of “Groupon Payments”, which provides payment services at lowest cost for merchants who accept Groupon vouchers and credit cards for payment.
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There seems to no end to “FarmVille” maker, Zynga Inc.’s (NASDAQ: ZNGA) ordeal. While its share have been hammered in the recent past after the compnay failed to respond to changing videogame market dynamics, it also kept losing its top executives one by one. Joining the list of top executives who have left the company [...]
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