Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Reputation of free-to-play games tarnished due to the social game maker’s mishandling of model, believes company’s president John Smedley. Free-to-play gaming has been growing in popular in recent years, with more and more publishers developing interest in the model and reaping the benefits that it offers. During a recent interview with PC Gamer, Sony Online […]
The fate of Zynga is no longer tied to Facebook after the social network failed to get the exclusivity right of Zynga games. A new agreement has loosened the dependence between the two companies, which began to be harmful to both parties. The possibility that Facebook can make their own games caused Zynga to take immediate action after their stock […]
The creator of Farmville, Zynga released the guidance for third quarter earnings on Thursday, citing lower revenues for the term due to lack of interest in its online games. Moreover, the company also announced that it will write down in tune of $95 Million as impairment charges on its recently purchased game developing company OMGPOP. […]
LinkedIn, the professional social media network, was up 6 percent in afternoon trading on Wednesday, chiefly due to the favourable ratings by investment bank Jefferies & Co. The stock traded a fraction above $114 after the investment bank raised its ratings on LNKD stock from hold to buy. The bank says the company is expected […]
(Reuters) – Facebook Inc plans to increase its $2.5 billion credit line to help cover a major tax hit when employee stock awards vest shortly after it goes public, according to two sources familiar with the company’s plans. The world’s largest social media network, which boosted its borrowing capacity by two-thirds just six months ago, […]
Zynga’s rally fizzled Wednesday, and if you’d listened to Sterne Agee’s Arvind Bhatia, it never would have happened at all. Bhatia began to question the business model behind the world’s biggest social-games creator even before its public debut last December. Zynga then spent much of January below its IPO price, but now enjoys an average […]
Bhatia will look at Zynga’s daily traffic, too, which was down some 6% in December and up just 2.8% for the year, according to Appdata.com, which tracks Facebook applications’ traffic. If Zynga fails to bring in new users—people possibly more willing to pay—it must turn existing users into payers. Bhatia doubts Zynga could do that […]
(Reuters) – Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR. The company founded by Mark Zuckerberg in a Harvard dorm room in 2004 picked Morgan […]
Once rumoured to initiate the filing process in December, Facebook—the social network—is nowhere near the process to go public. The anticipated Initial Public Offering from the company is expected at the end of the second half of calendar year 2012. However, if Facebook needs to go public by the end of May or somewhere in […]
It took Groupon five months from filing to IPO, she notes, but in that case there were thorny accounting questions that the SEC required the company to work out. Zynga’s path took about the same, while LinkedIn made it to market in a brisk three and a half months after filing its S-1. Facebook’s financial […]
The company’s main stream business is virtual commodities sale on FarmVille, like tractors, land, seeds and whatnot. These articles though make a huge sum of money for Zynga, many tout it as non-existent. However, this is a propaganda created by some tech and trade geeks. FarmVille tractor is no more virtual than a 1000 songs […]
Zynga Inc. announced its Initial Public Offering on December 16 to raise a Billion dollars in capital. However, the online gaming company’s equity quest did not go well on the first day of the business. Initiated at $10 a share, the market took the offer lightly and the share price went down 5 percent within […]
