SAN FRANCISCO, April 24 (Reuters) – Zynga Inc’s
management on Wednesday pleaded for more time for its turnaround
effort after the online game maker forecast a
steeper-than-expected loss for the current quarter, sending its
The embattled publisher behind games such as “FarmVille” and
“Words With Friends” reported a surprise profit for its latest
quarter through steep cost-cutting, but Chief Executive Mark
Pincus said Zynga’s business, although stabilized, may not pick
up until the latter half of the year.
SAN FRANCISCO, April 24 (Reuters) – Zynga Inc said
on Wednesday the number of people playing its online games
dropped dramatically in the first quarter, a development that
overshadowed better-than-expected revenues and sent its stock
tumbling in after-hours trade.
Shares fell 10 percent to $2.99 in extended trading.
The San Francisco-based publisher behind games like
“FarmVille” and “Words With Friends” said its number of monthly
players continued its decline to 253 million, the lowest figure
since the number peaked at 331 million at the end of the third
quarter of 2012.
SAN FRANCISCO (Reuters) – Does Twitter have a credibility problem?
For many, a single fake tweet from the Associated Press account that briefly roiled financial markets on Tuesday, driving the Dow Jones industrial average down about 145 points, vividly reaffirmed the fearsome, near-instantaneous power of the 140-character message.
But the security lapse also revived doubts about Twitter’s place in the media landscape – and its ultimate value – at a moment when its status as one of today’s essential information networks had seemed all but cemented.
SAN FRANCISCO, April 24 (Reuters) – Does Twitter have a
For many, a single fake tweet from the Associated Press
account that briefly roiled financial markets on Tuesday,
driving the Dow Jones industrial average down about 145 points,
vividly reaffirmed the fearsome, near-instantaneous power of the
SAN FRANCISCO, April 23 (Reuters) – Google Inc has
acquired Wavii, the Seattle-based startup behind a news
summarization app, for roughly $30 million in cash, a person
with knowledge of the matter said Tuesday.
Google’s successful bid came after Apple Inc had
expressed interest in buying Wavii to incorporate the startup’s
natural language technology into Siri, Apple’s voice-activated
personal assistant feature, said the person, who declined to be
named because the deal has not been publicly announced.
April 19 (Reuters) – Around 7 p.m. on Thursday night, social
media sites like Twitter and Reddit lit up with a sensational
rumor: that Sunil Tripathi, a student who had vanished weeks
ago, was one of the suspects accused of bombing the Boston
Several hours later, NBC News reported that the authorities
were actually seeking two brothers, Tamerlan and Dzhokhar
Tsarnaev, with no link to the missing student.
SAN FRANCISCO (Reuters) – Twitter Inc launched a stand-alone music-streaming app on Wednesday, opening another front in the micromessaging service’s ambitious expansion into multimedia content.
The iPhone app, called #music, will recommend and stream songs based on who users follow on Twitter and artists’ recommendations. The songs will be streamed via Rdio and Spotify, the subscription-based music services, and iTunes, Apple Inc’s music store.
SAN FRANCISCO, April 17 (Reuters) – Twitter Inc on Wednesday
unveiled a new tool that allows marketers to disseminate
targeted messages based on the content of users’ tweets, a
technology that could help elevate Twitter’s effectiveness as an
advertiser to a rarefied level demonstrated only by digital
advertising leaders like Google Inc.
Twitter’s advertising business is relatively modest and is
likely to generate 2013 global revenue of under $600 million,
according to the consultancy eMarketer.
SAN FRANCISCO, April 16 (Reuters) – Computers controlled by
a swipe of the hand – a staple of science fiction flicks like
“Minority Report” – could soon hit the mass market as the result
of a new deal between Hewlett-Packard Co and a San
Francisco startup called Leap Motion.
As the world’s largest PC maker, HP’s move to embrace
motion-sensing technology could potentially change how people
interface with computers in the same way that Apple Inc
made touch-screen technology mainstream with the 2007 launch of
the iPhone – or when Apple first introduced the mouse to
consumers in 1983.
SAN FRANCISCO (Reuters) – At various times in its short life, Uber, a service that allows users to hail black sedans on their smartphones, has been charged with licensing offenses in Toronto, declared illegal in New York, and served with cease-and-desist orders by regulators from California to Massachussetts.
But that history did not stop Uber Chief Executive Travis Kalanick from announcing plans Friday to expand into another business that’s been facing even more regulatory scrutiny: dispatching cars owned and operated by common citizens.