By John Solomon
How the government's punishing of the exposure of official wrongdoing can linger for years
Struggling online deals pioneer Groupon has fired its quirky founder and CEO, Andrew Mason, amid worries that people are tiring of the restaurant, spa and Botox deals that Groupon built its business on.
Online games company Zynga said its loss narrowed in the latest quarter even though revenue was largely unchanged as the company cut expenses by laying off workers, closing offices and shutting down older games.
Online games company Zynga said its loss narrowed in the latest quarter even though revenue was largely unchanged as the company cut expenses by laying off workers, closing offices and shutting down poorly performing games.
Facebook, which reported fourth-quarter earnings on Wednesday, has more than 1 billion people logging in each month. It's a rapid growth for a service that began in a Harvard dorm room less than nine years ago.
Online games company Zynga said it has asked Nevada gambling regulators for a decision that could pave the way for it to enter the U.S. gambling market.
Games can be both a welcome and an annoying diversion on Facebook, the world's most popular online social network. This year, Facebook crossed a big milestone _ reaching 1 billion active users. Game companies such as "FarmVille" creator Zynga Inc. and Rovio Entertainment Ltd. of "Angry Birds" fame seek to tap into that vast base of users to gain more players for their games.
Zynga shares tumbled nearly 13 percent in after-hours trading Thursday after the online game company and Facebook disclosed that they changed their relationship status to become less attached to each other.
Zynga's finance chief is leaving the troubled online game company to join Facebook.
LinkedIn Corp. outpaced Wall Street's expectations with its third-quarter results, solidifying its status as an investor favorite at a time when other Internet companies have fallen from grace.
Battered shares of Zynga Inc. soared in after-hours trading Wednesday after the social gaming company posted stronger-than-expected revenue for the third quarter and said it will enter the gambling business.
Shares of Facebook surged in premarket trading Wednesday, as analysts praised the social media company's third-quarter results, including its first quarter of advertising to mobile device users.
Battered shares of Zynga Inc. soared in after-hours trading Wednesday after the social gaming company posted stronger-than-expected revenue for the third quarter and said it will enter the gambling business.
Facebook finally has proof that it can make money from mobile advertising.
Online game company Zynga Inc. is eliminating games, studios and jobs in a bid to cut costs.
Troubled Zynga's stock traded 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.
