Despite posting strong results, Facebook was not able to carry Zynga's stocks due to massive player loss.
Sectors
Bausch & Lomb buy saves Valeant Pharma bid more than USD 800 million
Valeant Pharmaceuticals said it expected to save more than USD 800 million when it buys Bausch & Lomb.
HBC welcomes retail brand Saks into family after giant deal
HBC and Saks Inc. made a definitive merger agreement worth US $2.9 billion. Saks Inc. and Hudson's Bay Company (HBC) announced that they made a definitive merger agreement.
Frank's International N.V. increases IPO to USD 724.5 million
A recent filing with the US SEC showed that Frank's International N.V. raised the size of its IPO to USD 724.5 million.
PPG sells the rest of its controlling stake in Transitions Optical
PPG announced last Monday that it has agreed to sell all of its controlling stake worth US$1.73 billion in Transitions Optical.
Latest News
Amazon seemed like it was becoming a search engine for jobs in America. It seemed that Amazon was becoming a search engine for jobs in America. Recently, the company announced that it will be having a hiring spree to fill in more than 5,000 full-time jobs in several of its fulfillment centers across 10 states.
Yahoo managed to acquire 18 startups within the first half of the year while Google only bought 15. Tech titans Yahoo and Google have been acquiring startups in the past few weeks.
If Verizon stops offering two-year plans on their iPhone units, analysts believe that Apple will net more sales due to customer panic.
UK-based PolyTherics Limited merges with Antitope Limited to create a better group that can develop better pharmaceuticals.
The mobile shift left mixed results for the search engine giant, Google. Internet industry observers saw consumers shift from using web to mobile devices in accessing the internet.
Zynga's profits were massively reduced due to an exodus of players, but CEO Don Mattrick remained optimistic.
According to an interview with game creator Lorne Lanning, Nintendo would last 100 years unlike Zynga or Microsoft.
AT&T would allow its customers to trade their phone every year for a new and discounted device without spending for an upfront payment.
Online gaming developer Zynga topped analyst predictions on its latest revenue announcement. Zynga is facing a tough battle. The inevitable erosion of its player base will be a massive blow to the games developer's profitability, according to analysts.
