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NEW YORK-- Shares of Facebook surged in premarket trading Wednesday, as analysts praised the social media company's third-quarter results, including its first quarter of advertising to mobile device users.
It’s official. Facebook is serious about making money, and its turning its mobile problem—mobile growth was eating into margins—into an opportunity.
Zynga plans to reduce its workforce by 5% and retire 13 games, the social-gaming company said in a memo to staff. This comes ahead of the company's earnings report, due out after the bell Wednesday.
Victor Anthony, Senior Analyst, Topeka Capital Markets says that Facebook's advertising revenue growth rate showed a meaningful improvement. The stock rose as a result.
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The social-networking giant reported its revenue jumped 32%, topping expectations, helped by gains in mobile. “We’re still seeing stable and good growth," one analyst said.
Facebook is surging after reporting Q3 earnings today. CNBC's Julia Boorstin has the details from Facebook's conference call; and Bob Peck, CoRise Co. president, weighs in.
NEW YORK-- Nobody was expecting this round of corporate financial reports to be great. But underwhelming results _ particularly revenue, which offers a read on the economy _ are still rattling investors.
Check out which companies are making headlines after the bell Tuesday.
NEW YORK-- A reality check is coming to Rent the Runway, the online company that allows consumers to borrow _ for a fee _ designer clothes and accessories. It has unveiled a social-shopping platform with 12,000 customer photos to see how styles hang on different shapes. "You haven't seen this diversity of models anywhere else," says Jennifer Hyman, CEO and co-founder.
Rick Summer, Morningstar senior analyst, offers instant analysis of Facebook's quarter.
Investors are getting ready for another earnings report from Facebook after the bell today, with CNBC's Julia Boorstin.
App Store Official Charts for the week ending Oct. 22, 2012:. 4. Minecraft _ Pocket Edition. 2. Minecraft _ Pocket Edition.
A college degree is by no means the only determining factor for a tech startup's success, but it turns out that it does make a difference.
The phrase "horses and bayonet"s was the top rising search term during the debate, according to Google spacer search data.
LONDON-- Stocks suffered one of their worst sessions in weeks on Tuesday following another batch of weak U.S. corporate earnings and uncertainty over the outcome of the race for the White House. Downbeat updates on Tuesday from chemical company DuPont and manufacturer 3 M added to the prevailing uncertainty.
Discussing which high tech bosses are likely to make the grade, with Jeffrey Sonnenfeld, Yale School of Management.
Will the mini iPad be more like a Mac mini or an iPod nano and will it just help Apple pick up a few extra customers, or will it redefine the tablet category?
New online funding platforms are connecting entrepreneurs with potential financial backers. But for most upstarts that use crowdfunding websites to raise capital, the results can be more mixed.
LONDON-- Financial markets were on the defensive Tuesday ahead of another round of U.S. corporate earnings, including from Facebook, and amid uncertainty over the outcome of the U.S. presidential election. Facebook's earnings results after the market close will be key for its future.