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.
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.
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.
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.
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
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
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.
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