Daily Stocks News » ZNGA

Candy Crush Saga Maker Files For An IPO

Warren Paige — Fri, 27 Sep 2013 15:59:23 +0000

According to London’s Daily Telegraph, citing a source familiar with the matter as saying, King.com, the London based maker of Candy Crush Saga has filed for an initial public offering with the Securities and Exchange Commission. The IPO aims to raise $5 billion. The year has been devoid of tech-related IPOs. According to a data [...]

Zynga Abandons Plans to Create Real Money Gaming Business in U.S.; Shares Tumble in After Hours Trading (ZNGA)

Warren Paige — Fri, 26 Jul 2013 12:00:29 +0000

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.

In a statement, Zynga said, “While the company continues to [...]

Zynga Launches Beta Version of New Action Strategy Game “Dojo Mojo”

Warren Paige — Tue, 23 Jul 2013 12:28:22 +0000

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.

The game allows single as well as multiplayer combat modes. The core theme of [...]

Major Movers on July 2; CLNT, ACHN, SHLM, ZNGA, CLDX

Warren Paige — Tue, 02 Jul 2013 15:42:58 +0000

Shares of Cleantech Solutions Inc. (NASDAQ: CLNT) skyrocketed 26% in early trade. The Company provided upbeat guidance for the fiscal 2013. Based on current orders and anticipated orders, Cleantech expects net income to be in the range of $8 million to $8.5 million on revenue range of $60 million to $62 million.

“We expect [...]

Don Mattrick to Replace Pincus as Zynga’s New Chief Executive Officer (ZNGA)

Warren Paige — Tue, 02 Jul 2013 08:47:28 +0000

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. Mattrick, who previously oversaw several business development projects at Microsoft Corp. (NASDAQ: MSFT), brings more than thirty years [...]

Major Movers on June 21; ZNGA, ORCL, KMX, DRI, THRX

Warren Paige — Fri, 21 Jun 2013 18:51:31 +0000

Shares of Zynga Inc. (NASDAQ: ZNGA) plunged about 4.65% by afternoon trade. Morgan Stanley’s analyst Scott Devitt downgraded the social game maker’s stock to “underweight” from “overweight”. The research reports said that the popularity of its titles such as “FarmVille” “Poker” was fading fast as the competition was rising, adding that Zynga still relies far [...]

Zynga Shares Downgraded by Morgan Stanley (ZNGA)

Warren Paige — Fri, 21 Jun 2013 17:57:06 +0000

Social games developer, Zynga Inc. (NASDAQ: ZNGA) was downgraded to “underweight” from “equalweight” by Morgan Stanley on Friday.

Shares of Zynga slumped after the downgrade.

Morgan Stanley’s analyst Scott Devitt said that the stock presents a very unfavorable risk/reward scenario. In the research report, Devitt said that Zynga was way too much dependent on [...]

Zynga Expects Wider Q2 Loss, To Slash 520 More Jobs (ZNGA)

Warren Paige — Tue, 04 Jun 2013 09:47:35 +0000

Social game maker, Zynga Inc. (NASDAQ: ZNGA) announced on Monday that it will slash another 520 jobs or about 18% of its total workforce as the embattled company looks to cut costs and bring a strategic shift by focusing more on mobile games.

The Company said that by slashing jobs it will be able [...]