Gerry's Feed
Jun 4, 2013

Salesforce to pay $2.5 billion for ExactTarget in social marketing bet

SAN FRANCISCO (Reuters) – Salesforce.com Inc, the biggest maker of online sales software, will pay $2.5 billion for marketing software maker ExactTarget Inc in Chief Executive Marc Benioff’s most significant bet to date on the social marketing business.

Salesforce.com shares slid nearly 8 percent on investor fears that the bid, priced at $33.75 a share or nearly 53 percent above ExactTarget’s Monday close, will depress margins in the near term. Some analysts also wondered how soon Salesforce.com’s recent binge of acquisitions will translate into growth for the bottom line.

Jun 3, 2013

Zynga slashes work force by a fifth, shares dive

SAN FRANCISCO, June 3 (Reuters) – Zynga Inc
announced on Monday its biggest ever round of layoffs and warned
that bookings will be weaker than previously forecast, raising
questions about the social game developer’s attempt at a
recovery as it struggles to retain players.

Zynga said it will cut about 520 jobs, or roughly one-fifth
of its work force, and close some offices in the United States.

Jun 3, 2013

Zynga slashes work force by a fifth, warns on bookings

SAN FRANCISCO (Reuters) – Zynga Inc, the game maker that has been struggling to retain players, announced on Monday its most dramatic cost-cutting measure to date, with a plan to slash nearly one-fifth of its work force.

Shares in Zynga were down 11.6 percent at just above $3 in mid-afternoon after resuming trade after a second trading halt.

May 14, 2013

Square expands its hardware push with new cash register

SAN FRANCISCO (Reuters) – Square Inc, a closely watched payment-processing company, made a significant push into the hardware business on Tuesday, unveiling a new credit-card reader that it claimed could be the centerpiece of the next-generation checkout counter.

At a press event in a sunlit San Francisco cafe, Chief Executive Jack Dorsey introduced the “Square Stand,” a white, molded-plastic iPad holder that lets businesses accept credit cards with a mounted iPad and an integrated card reader.

May 9, 2013

Box acquires Crocodoc to expand document-viewing features

SAN FRANCISCO, May 9 (Reuters) – Box Inc, a cloud-storage
company, said on Thursday it has agreed to acquire Crocodoc, a
small start-up that provides the technology behind document
viewers found on some of the world’s most popular websites,
including Facebook and Dropbox.

The acquisition would provide Box’s users with more
interactive features such as the ability to annotate documents
or create slide shows, said Aaron Levied, Box’s chief executive.

May 6, 2013

Looking for a comeback, Zynga embraces austerity and FarmVille

SAN FRANCISCO (Reuters) – In the past twelve months, Zynga Inc has struggled with a contracting player base, a deflated stock price and waves of layoffs. Now it is coming to terms with downsized ambitions.

As Chief Executive Mark Pincus, 47, leads the online games developer he founded in 2007 through perhaps the most crucial year of his tenure, he is pushing to restore revenues by doubling down on “FarmVille,” the franchise that took Facebook users by storm four years ago and launched Zynga to stardom.

May 2, 2013

Weebly refreshes its website publishing tools

SAN FRANCISCO, May 2 (Reuters) – For futurists in Silicon
Valley, the question is fundamental, almost philosophical: In
the coming years, will the humble website still be the dominant
way we interact with the Internet?

For David Rusenko, the 27-year-old founder and chief
executive of global website builder Weebly, the answer is: Of
course!

Apr 25, 2013

Twitter settles dispute with analytics firm over data access

SAN FRANCISCO, April 25 (Reuters) – Twitter Inc and
Peoplebrowsr Inc, a social media analytics firm, reached a
settlement that would allow Peoplebrowsr to continue to buy
Twitter’s data until the end of 2013, the two companies
announced Thursday.

Beginning next year, Peoplebrowsr will have to purchase
access to the full “firehose” of 400 million daily tweets
through one of Twitter’s authorized data resellers, according to
the settlement’s terms.

Apr 25, 2013

Zynga pleas for time on turnaround as loss forecast knocks shares

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
shares lower.

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.

Apr 24, 2013

Zynga reports fewer players of its online games, shares drop

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.