Online game maker Zynga is reporting a net loss in the first quarter because of stock compensation expenses, but adjusted earnings were better than Wall Street expected.
Online games company Zynga Inc. said Wednesday that CEO Mark Pincus and other insiders will sell some of their stake at $12 a share, slightly below Wednesday’s closing price.
Zynga’s CEO and other insiders at the online games company plan to sell 43 million shares of stock in a public offering that will boost the amount of stock available for general trading by 35 percent.
Online game maker Zynga has bought New York-based OMGPop, maker of the popular mobile game “Draw Something.”
Zynga has unveiled a new online gaming destination so people can play “CityVille,” “Zynga Poker” and other games off Facebook.
Online game maker Zynga Inc. reported a net loss in the last three months of 2011, weighed by hefty stock-compensation expenses and other costs in its first quarter as a public company.
Looking for a promising career in a lousy economy? A new study suggests you’re apt to find it in apps—the services and tools built to run on smartphones, computer tablets and Facebook’s online social network.
Facebook’s long-awaited IPO filing lifted the stocks of many Internet companies, including recent laggards Zynga and Groupon. But analysts said the halo effect may fade.
Zynga, the social game company known for “FarmVille” and “Zynga Poker,” is mulling a new market—online gambling.
Zynga saw its stock dinged on its first day of trading Friday—an unexpected turn of events for a closely watched public debut seen as a precursor to Facebook’s next year.