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King.com Appoints EA Social Games Producer to Rule New London Studio
King.com, one of the fastest-growing social games companies on Facebook, has opened a new game studio in London that will be led by Electronics Arts and Playfish veteran Catharina Lavers Mallet. While an executive producer at EA, Lavers Mallet worked on major titles like The Sims Social. The London studio is expected to hire about 40 employees and to work with the company’s headquarters there in addition to other offices in Hamburg, Stockholm, Milan, Romania, Malta and San Francisco.
Ubisoft’s Ghost Recon Aiming to Bring Hardcore Gaming to Facebook
Ubisoft is releasing a free version of its popular Ghost Recon on Facebook today, with the goal of attracting the same hardcore audience that will pay $60 for the console version coming out tomorrow.
On Day Two, Facebook Shares Open More Than 10 Percent Off
The swings are rough.
Videogames Using the Power of Fans to Get a Kick Start
Videogames are fast becoming one of the most popular categories that are able to attract start-up capital from everyday people.
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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.Zynga’s Stock Tanks After Facebook Fails to Pop
At least for now, we can expect Zynga’s and Facebook’s stocks to trade in lockstep, given their relationship status.
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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.
