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.
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Cisco Posts Results In Line With Street Expectations

Investors don’t like it one bit.
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JustFab Marching Toward $100M in Revenue This Year

In an update on how well its e-commerce business is faring, JustFab said its revenues are growing as high as the heels that it sells.
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Zynga Accounted for 15 Percent of Facebook’s Revenues in Q1, Down From Last Year

Zynga doesn’t report first-quarter earnings until Thursday, but Facebook let the cat out of the bag a little early today in an updated IPO filing.
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Square’s Next Round Could Swipe a $4 Billion Valuation

Square is seeking to raise a fresh round of capital at a valuation of up to $4 billion, according to multiple sources familiar with the situation.
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Groupon Restates Earnings After Seeing a Spike in Holiday Returns

Groupon has revised its results for the fourth quarter due to higher-than-expected return rates. The announcement sent its shares tumbling in after-hours trading.
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News Byte

Jonathan Shambroom Joins Zozi as COO Seeking New Adventures

Zozi, which ditched its roots as a daily deals company to focus on selling vacations and other adventures, has appointed Jonathan Shambroom to the role of COO. Previously, Shambroom was chief product officer at Ning, which was co-founded by Marc Andreessen and purchased by Glam Media last year. Zozi announced record growth in 2011 with a 700 percent increase in revenues, but was mum on specific revenue figures.

Google’s Punit Soni: We’re Not Just Playing Around When It Comes to Social Gaming

After finding out yesterday that games contribute a staggering amount to Facebook’s top line, we now know exactly how important the category is to the success of Google’s social plans.
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Travelzoo’s Stock Tumbles After Q4 Results Disappoint

Travelzoo’s stock is down almost 10 percent, or $3 a share, in late trading after its fourth-quarter revenues disappointed analysts.
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eBay’s John Donahoe Literally Starts Hammering Out the Plan for Mobile Payments

In an interview, eBay’s CEO provides a few details about the company’s mobile payments trial with Home Depot, and how it would expand from five to 51 stores across the country over the next week.
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