Zynga must face a lawsuit accusing the online gaming company of defrauding shareholders about its prospects before and after its 2011 IPO.» Read More
Stocks accelerated their losses in the final hour of trading to close lower Wednesday, amid ongoing nervousness over the euro zone and after credit-rating agency Egan-Jones downgraded Spain's credit rating to CCC+ from B.
Take a look at some of Wednesday's midday movers:
Stocks rallied more than 1 percent across the board Tuesday, wiping out most of the previous day's declines, but investors remained cautious amid the ongoing uncertainty in the euro zone.
Take a look at some of Tuesday's midday movers:
Zynga is learning the hard way that Facebook may not be the best platform for gamers, Doug Creutz, media and entertainment analyst for Cowen and Company, told CNBC on Squawk on the Street.
It's off 11.5 percent at last check, bringing the social gaming company down nearly 50 percent year to date. What happened? It seems people are choosing more mobile instead of social games.
"Facebook is just not a big gaming platform compared to mobile," says Doug Creutz, Cowen & Company analyst, discussing why shares of Zynga are down sharply.
On Thursday, Facebook began to roll out its App Center to its nearly 1 billion users, so they can find games and other applications with social components more easily.
I did something Wednesday that I didn’t think I was ever going to be able to do. Not only did I establish a position in social media giant Facebook, but I did so while feeling good about the decision.
Zynga will participate in E3 for the first time. But instead of using the media-saturated event to showcase its titles, Zynga's there with another goal in mind: capturing the eye of some of the industry's best talent.
Here at E3, Take-Two announced a number of new mobile games, including a number built on Nickelodeon brands. The idea is to go wherever consumers are, and Take-Two doesn't care if they're on their smart-phones or consoles.
Nintendo lost $551 million in its fiscal year ending on March 31, and now it's counting on its new console, the Wii U to turn everything around.
Sales in the videogame industry have been declining for more than three years, but it's still a field that's creating high-net-worth individuals at a rapid clip.
The videogame company on Tuesday rolled out a string of top franchises that will support the launch of Wii U, its next generation home console system and gave fans a better idea of what will make that system unique.
Microsoft is taking Apple head-on with an iTunes competitor. Starting this fall, XBox will offer 'XBox Music,' with 30 million songs — just a bit smaller than Apple's catalog.
Videogame makers are unveiling their new slates — which no surprise are looking to seize spots in the top three games of the year — as well as find new ways to make money.
E3 is usually the videogame industry's big party of the year — a chance to celebrate its strengths and showcase the titles it expects to drive sales forward for the rest of the year. But as the game makers gather for this year's event, a cloud hangs over the soiree.
James Gorman, Morgan Stanley chief executive, has defended his bank’s performance as lead underwriter on Facebook’s public offering, despite waves of criticism from investors and a potential legal review of the deal’s marketing, the Financial Times reports.
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Facebook raised the roof off Wall Street with its initial public offering, which had a target valuation on the social-media giant as high as $104 billion. To see where Facebook’s IPO stands now, here are some questions and answers with updates as they happen.