Investors are bailing out on one-time Web 2.0 darlings Facebook, Zynga and Groupon in favor of proven tech winners Apple and Google.
Zynga
Facebook Hits Record Low as Insider Stock Sale Lock-Up Period Ends
Facebook’s IPO — in which insiders cashed out $10 billion — now ranks as “the worst performer among all large IPOs on record,” according Bloomberg.
Groupon Plunges 20% on Weak Deal Growth
Chicago-based daily-deals website Groupon watched its already discounted stock price plunge by 20% after the company reported sales numbers that failed to impress Wall Street. Groupon said weakness in Europe and foreign-currency …
The Social Media Tech IPO Boom: An Insider’s Game?
Billion-dollar cash-outs at Facebook, Zynga and Groupon. Abysmal stock performance.
Why Everyone’s Holding Their Breath About Facebook Earnings
Facebook stumbled out of the block with its May IPO. Investors will be curious to see whether today’s earnings report can help the company’s stock rebound.
Zynga Plunges 40% in Tech Bloodbath
As global economic conditions worsen, tech companies have little margin for error.
Facebook Readies Public Debut in Strongest IPO Market Since 2007
As Facebook prepares for the most widely-anticipated IPO in nearly a decade, the social networking phenom certainly seems to have nailed its timing. The first quarter of 2012 saw the strongest IPO market since 2007, according to …
Facebook and Zynga May Escape The Latest “Patent Troll” Suit
A new patent troll last week fired a shot at Facebook, Zynga and others with a lawsuit that claims rights to in-game payments—the process that lets players buy and sell virtual items within a video game. But one lawyer says the …
Zynga Shares Jump On Facebook IPO Connection
It’s good to be friends with Facebook. Zynga, the online video game company, saw its stock soar nearly 20% Thursday after Facebook disclosed that it made 12% of its revenue off the company last year. The social networking giant, …
Facebook by the Numbers: IPO Filing Highlights
Facebook’s S-1 IPO filling with the Securities and Exchange Commission is the first step toward becoming a public company — and the first time that public market investors have been able to scrutinize the company’s books. …
Tech Boom: Andreessen Horowitz Raises $1.5 Billion VC Fund
Andreessen Horowitz, the venture capital firm run by Netscape co-founder Marc Andreessen and his partner Ben Horowitz, is fast becoming one of the most influential forces in Silicon Valley. On Tuesday, the firm announced that it …
Is Mobile Gaming Facebook’s Achilles Heel?
Here is a sobering thought with which to start 2012. The human brain has more neural connections than there are particles in the known universe. We are complex, we are magnificent. But what if the destiny of this most marvelous …
