THE BUSINESS OF TECHNOLOGY
Zynga stock took a nosedive June 12, dropping as much as 13 percent in a fall that triggered a short-sale circuit breaker, designed to halt stock trading when the price drops below 10 percent. The ban will be in effect through Wednesday. It was the largest drop for a stock that went public in December with an IPO value of almost $9 billion. … [Read more...]
Twitter wants to spend more time together. Quality time. As proof its ready for commitment, it launched Expanded Tweets with on site content, just to make sure you stick around. Instead of just the quintessential 140 characters, Tweets with links to partner websites will feature preview content, including images, videos, and music. It's an … [Read more...]
Facebook has acquired the development team behind Pieceable, a one-year old startup that creates a handy development tool that allows software apps to be used through an Internet browser, rather than having to download and use them in a separate device. It makes it easier to share the app with colleagues, clients, family, and friends. The … [Read more...]
Though the number of new Twitter users has remained more or less stagnant since 2011, the number of daily users has doubled as more people own smartphones that can more conveniently use the service, according to the latest data from the Pew Internet & American Life Project. The company began its study of Twitter in 2010, when 8 percent of … [Read more...]
Gamification is becoming more than just a buzzword, but the next profit making machine for businesses that will likely be around a long time. At least the VC community seems to think so. And to prove it, Badgeville recently raised $25 million in Series C financing in a round led by Interwest Partners. El Dorado Ventures, Trinity Ventures and … [Read more...]
By Matt Gallagher, Red Herring Following Facebook's IPO on May 18, the largest tech IPO in history, the company’s stock price had slipped almost 25 percent from its initial offering of $38. Shares in Facebook closed at $28.84 in today’s trading. While the IPO's opening price was ideal for Facebook and its initial investors as it left no … [Read more...]
By Matt Gallagher, Red Herring Albeit remotely, Facebook CEO Mark Zuckerberg rang the opening bell on NASDAQ as its IPO debuted on the stock exchange. In pure hacker fashion, the world's youngest billionaire punched a remote control NASDAQ button from its offices in Palo Alto, following an all-night hackathon where Facebook employees tinkered on … [Read more...]
Pintereset, the social media site that lets users create virtual bulletine boards of their favorite items of interest on the web, has raised $100 million in a deal that reportedly values the company at $1.5 billion. The news was first broke by All Things Digital. The round was led by Rakuten, the Japanese media company, with participation … [Read more...]
Facebook has delayed the expected closing date for its $1 billion plus acquisition of Instagram, and increased the price range of its IPO. Last month, Facebook announced plans to acquire Instagram for about $1 billion in a mix of $300 million in cash and 23 million shares of Facebook stock, plus a $200 million breakup fee if the deal should fall … [Read more...]
Facebook's billion dollar buying spree of the photo app Instagram faces an investigation by the FTC over potential antitrust issues, the Financial Times reported. The trade commission has already begun questioning Facebook competitors Google and Twitter. Investigations are fairly routine for acquisitions of more than $66 million, which … [Read more...]