Shares of Facebook Inc (NASDAQ:FB) game developer Zynga Inc (NASDAQ: ZNGA) and daily deals web site Groupon Inc (NASDAQ: GRPN) have soared following reports of activist hedge fund Jana Partners revealing small stakes in the companies. The hedge fund, run by Barry Rosenstein, said in a 13F filing that it holds slightly above 3 percent of the outstanding shares in both companies. This news obviously had a positive impact on the stocks and lifted them...
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Zynga Inc (NASDAQ:ZNGA) has a problem, well actually the social gaming company has several problems big and small, but one may be more worrisome than the other. Former Zynga employees who have left the company for various reasons in the last few years have brought their talents, and Zynga-bought experience, to new startups that are muscling in on Zynga Inc (NASDAQ:ZNGA). According to a report that appeared on Businessweek today, former Zynga Inc (NASDAQ:ZNGA)...
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Hedge funds filed their Q1 equity holdings over the last couple of days. While many of the stock picks and exits were expected, like everyone buying Hess Corp. (NYSE:HES) and Dell Inc. (NASDAQ:DELL) which are targets of proxy fights from their famous shareholders, there are also some moves that stood out. Here are the surprise buys/sells from the top investors in hedge fund industry. Loeb Exits Morgan Stanley, Already! If we look at Dan...
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The streak of selling Apple Inc. (NASDAQ:AAPL) continues with Paul Tudor Jones’ firm Tudor Investment Corp. The fund was seen exiting Apple Inc (NASDAQ:AAPL) in Q1, the most recent 13f filer shows. Paul Tudor’s major investments are in global macro positions and his funds Tudor BVI Global manage in excess of $16 billion. The equities portfolio disclosed however is only worth $4 billion. Tudor Investment has more than 1000 equity positions disclosed publicly, the...
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Alden Global Capital’s latest 13F filing with the Securities and Exchange Commission indicates that is portfolio was worth $5.8 billion at the end of March. The firm purchased seven new stocks, including Zynga Inc (NASDAQ:ZNGA) and Dell Inc (NASDAQ:DELL), during the first quarter and increased its holdings in two others. It also sold out of four stocks and reduced its holdings in seven others. At the end of the first quarter, the firm’s top...
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Jana Partners LLC bought 16 new stocks and sold out of 17 stocks during the first quarter of the year, according to the firm’s latest 13F filing with the Securities and Exchange Commission. It also increased its stake in 14 stocks and reduced its holdings in 5 others. The filing indicates that the firm’s portfolio was worth $4.8 billion at the end of March. The firm’s top 10 holdings make up 60 percent of...
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Zynga Inc (NASDAQ:ZNGA) is launching its ‘Running with Friends’ mobile game on the iOS all over the world today. The game was released in Canada first to test the performance. With the launch of this game, Zynga Inc (NASDAQ:ZNGA) marks its first “endless runner” title. In the game, the players will command a runner in 3D and to change the direction a user will have to swipe the screen. What Exactly Zynga Has Made?...
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Zynga Inc (NASDAQ:ZNGA) beat market expectations in its most recent earnings report, but investors are still worried about the company’s future. The social gaming firm has one asset, according to a report from Reuters this morning, but there is little else for the company to rely on, and that puts its future in the balance. Many investors are excited about the Zynga Inc (NASDAQ:ZNGA) move toward real money gambling. As we’ve looked at before on...
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A number of tech and finance writers are presently asking the question of why Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg singled out Zynga Inc (NASDAQ:ZNGA) during Facebook’s most recent earnings call? The easy and quick answer might be he’s a bit of a d#&k. If Jesse Eisenberg’s portrayal of him was even close to accurate in “The Social Network” perhaps more digging isn’t necessary. However, Zynga Inc (NASDAQ:ZNGA) has made itself an easy target...
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Zynga Inc (NASDAQ:ZNGA) sales have been faltering since other social gamers began flocking towards Facebook Inc. Last week, the company reported an 18 percent decline in revenues and 13 percent slide in monthly active users from the same period in 2012. But the Mark Pincus-led company might find a savior in online gambling. The Las Vegas-based casino operator Ultimate Gaming is planning to launch the first fully legal poker website in the United States. It could...
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Mike Verdu is the latest Zynga Inc (NASDAQ:ZNGA) employee to leave the game maker, to establish his own startup TapZen Inc to make games, reports Bloomberg. The TapZen business model is based on the free online gaming started by Zynga. The games are designed for tablets. Zynga has invested $10 million in TapZen and will no doubt receive the benefit. TapZen has a total of six employees. Zynga Inc (NASDAQ:ZNGA) will, however, face the user’s...
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