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
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.