Troubled Zynga’s stock is trading near its lowest level ever Friday after the online game maker behind “FarmVille” forecast a third quarter loss amid weak demand for its Web-based games. It’s also taking a hefty charge related to its March acquisition of mobile game company OMGPop.
Facebook’s stock was down sharply after an article in the financial magazine Barron’s said it is “still too pricey” despite a sharp decline since its initial public offering.
Apple Inc. said Monday that it sold more than 5 million units of the iPhone 5 in the three days since its launch, fewer than analysts had expected.
Intel is cutting its third-quarter revenue forecast due to softer-than-expected demand amid difficult economic conditions.
In an SEC filing late Tuesday, Facebook said that founder and CEO Mark Zuckerberg “has no intention to conduct any sale transactions… for at least 12 months.”
Apple’s surging stock propelled the company’s value to $624 billion, the world’s highest, ever, beating the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom.
Facebook’s beleaguered stock got an afternoon boost after hitting its lowest level ever earlier in the day.
Facebook’s early investors and a handful of top executives become eligible on Thursday to sell stock they own in the social networking company. It marks the beginning of a time-honored process for public companies, which will culminate in the fall, when many Facebook employees receive the same right to sell their shares.
Investors are dumping Facebook’s stock, spooked by slowing revenue growth, the lack of a financial outlook and plans to spend more money in the coming months. Are they right?
Shares of Apple fell Wednesday after it did something un-Apple-like: posting results below Wall Street expectations.