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Tencent to Restructure Business
Tencent Holdings said Friday it will restructure its business operations into six groups and named a new chief operating officer as the Chinese Internet company moves to improve efficiency and grow beyond its core gaming business.
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Groupon Stock Spike Probed
A Wall Street regulator is examining trading in Groupon Inc. that sent its stock price soaring hours before a favorable earnings announcement Monday, according to a person familiar with the matter.News Byte
The Facebook Effect: Zynga Trading at All-Time Low
Following Facebook’s initial trade on the Nasdaq, Zynga’s stock tanked, hitting an all-time low. The social game maker, which makes up 15 percent of Facebook’s revenue, did not benefit from the company’s public offering. In early trading this morning, Zynga’s shares fell 13.30 percent, or $1.10 apiece, to a new low of $7.17. Zynga went public in December at $10 a share.And We’re Off! Facebook Shares Hit the Nasdaq at a Slight Increase Before Settling Back.
Nearly 30 minutes after the scheduled trading debut, Facebook shares rose, quickly fell, and ultimately hovered around the initial $38 target price.
Kayak Hoping to Ride the IPO Wave
Which will be the next tech company to go public after Facebook? That’s an easy one: Kayak.com.
Maybe You Should Start Paying Attention to Indie Games Developers
Combine small teams, personal passion and a large accessible market and you have the makings of a creative explosion.
Facebook Finishes Almost Flat: Complete Coverage
The first day of trading and all the background on Facebook’s IPO.
Hey Mickey, You’re So Fine: Meet the Man Who Landed Silicon Valley’s Hottest Funding Deal in Pinterest
The $1.5 billion valuation can still blow your mind.
Mobile Gaming Is Hot, but Pocket Gems Won’t Sell Out
Pocket Gems says it is not for sale, even though other mobile gaming companies like OMGPOP and Funzio are cashing out at big valuations.
Exclusive: Japan’s Rakuten Wins the Heart of Pinterest in $100M Funding Race With $1.5B Valuation
The largest e-commerce site in Japan is about to get pinned by Ben Silbermann in massive funding round.
iSwifter’s New App Brings All Flash-Based Facebook Games to the iPad
While Facebook is slowly working out the kinks to bring more games to mobile, there’s a small company in Menlo Park, Calif., that has beat them to it.
