Tricia Duryee in Commerce on May 7 at 8:10 am PT
In a letter to shareholders today, Groupon CEO Andrew Mason addresses the company’s bumpy road, calling it “an unfortunate side effect of our unprecedented growth.”
Tricia Duryee in Commerce on April 13 at 9:40 am PT
Customers, yes, but Apple and the book-publishing industry — not so much.
Tricia Duryee in Commerce on April 4 at 4:26 pm PT
Shares are now half-off, but no one seems to be buying.
News Byte
Tricia Duryee in Commerce on March 28 at 7:01 pm PT
Zynga said tonight that shares in its secondary offering will cost $12 apiece. It is unloading nearly 43 million shares, all coming from existing shareholders. During the social games company’s IPO in December, shares sold for $10 each. The stock closed today at $12.24 a share. The company will not receive any proceeds from the sale. The reason for the offering is to increase the number of shares available, and to assist in the “orderly distribution of shares.”
Peter Kafka in News on March 19 at 6:28 am PT
$45 billion over three years.
Voices
Randall Smith, Reporter, The Wall Street Journal in News on March 14 at 10:40 am PT
Zynga Inc. filed plans for a secondary stock offering by certain shareholders as the social-gaming company looks to increase its public float. Zynga won’t receive any proceeds from the offering.
Kara Swisher in News on February 17 at 10:35 am PT
This is like the movie “Groundhog Day,” except not nearly as funny.
Voices
Emily Steel, Reporter, The Wall Street Journal in News on December 22, 2011 at 1:20 pm PT
AOL Inc. rebuffed an activist investor’s call for “immediate action” to address the Internet company’s “money-losing growth initiatives,” but analysts said the investor’s complaint reflects broader dissatisfaction among AOL shareholders.
News Byte
Tricia Duryee in Commerce on December 20, 2011 at 5:30 pm PT
As planned, Expedia has formally concluded the spinoff of TripAdvisor today. Expedia shareholders will receive one share of TripAdvisor and one share of Expedia for every two shares of Expedia stock held prior to the split. Tomorrow, TripAdvisor will trade on the Nasdaq under the symbol TRIP, and Expedia will continue to trade under EXPE.
Voices
Ronald Barusch, Contributor, Deal Journal in News on December 2, 2011 at 4:00 am PT
Yahoo is adrift and the sharks are circling. It needs to do something. It’s not clear how any of the “somethings” the board is reportedly reviewing have any relationship to a fundamental business strategy. But there seems to be no dispute that “something” needs to get done. It’s not a good position to be in.
