After posting revenue growth of 45 percent from a year prior, many companies would see an increase in stock price reflecting investor confidence. However, daily deal leader Groupon posted its first-ever quarterly profit as a public company and quickly saw its shares fall to new lows. This isn't norm...
Facebook on Tuesday launched "Bingo & Slots Friendzy" -- a bingo game that uses real money -- exclusively for its members in the UK. As with all of its apps, Facebook is taking 30 percent of the revenue. Facebook has its fingers in numerous revenue-generating pies. To name a few examples, it is ...
Electronics Arts on Friday filed a lawsuit alleging that Zynga's "The Ville" infringes its copyright for "The Sims Social." EA filed the suit on behalf of the studio Maxis on the basis that Zynga copied "original and distinctive expressive elements" of "The Sims Social," according to Lucy Bradshaw, ...
Facebook on Thursday released its first quarterly earnings report since its monster IPO in May. During the period, Facebook reported revenues of $1.18 billion but couldn't turn a profit, losing $157 million, or eight cents a share. Investors weren't happy with what they saw. The company's stock pric...
Zynga reported second-quarter earnings lower than expected Wednesday, sending its stock sinking as much as 40 percent Thursday morning. The maker of popular social games such as "FarmVille" and "Words With Friends" reported a net loss of more than $22.8 billion, or 3 cents per share. Facebook was pa...
Zynga made a number of announcements at its Unleashed event in San Francisco Tuesday, most of them aimed at the same goal: making its services "stickier" to its players. "Social games have become a crowded marketplace," said Scott Steinberg , digital game consultant and principal in TechSavvyGlobal....
Facebook recently started running ads on Zynga's website, one of several moves the social network has made recently to expand its advertising reach. Some Zynga users now see Facebook's Sponsored Stories ads, which display certain brands or businesses that those users' Facebook friends have "liked." ...
Facebook shares are rallying after their post-IPO slump, climbing 22 percent over the past two weeks. Besides a slight downturn on Wednesday, the stock has slowly climbed closer to its initial value of $38 on May 17. After its botched opening, the stock had fallen by as much as 32 percent to $25.52....
Facebook has changed its payment system, doing away with its Credits program as well as allowing app developers to offer subscription billing. Facebook currently sells in-app purchases for Credits -- digital tokens that allowed users to buy virtual goods within games or apps. But the company found t...
In the weeks running up to Facebook's initial public offering on May 17, correspondence between the Securities and Exchange Commission and the social media giant flew fast and furious. The government agency had a number of questions about Facebook's business model that it felt were not adequately ad...
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