Feb 5- LinkedIn Corp's shares closed down 43.6 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. The rout in the stock cost LinkedIn chairman Reid Hoffman about $1.2 billion based on his 11.1 percent stake in the company he...» Read More
While it owns one of the most successful franchises in gaming, Take Two Interactive Software has taken its share of hits over the past year.
In today's lean times, more folks are forgoing expensive gym memberships and doing their exercising at home, so it seems like a good time for Electronic Arts to launch EA Sports Active. The product, which is off to strong start on Amazon, is EA Sports first targeted primarily to a female audience.
If there is a Rasputin of the video game world, it’s Atari. Like the Russian mystic who, according to legend, survived numerous attempts on his life, the long-time video game publisher keeps finding ways to survive after the video game industry has left it for dead.
Delivering free games on mobile platforms may not seem like a great business model, but Trip Hawkins, CEO of mobile gaming leader Digital Chocolate and founder of Electronic Arts, sees it as the next great growth opportunity in the gaming industry.
Two bullish strategists, Kim Caughey of Fort Pitt Capital Group and Stephen Wood of Russell Investments, recommended the best sectors for investors to put their money.
With the sector leading the stock market’s charge, it’s tempting to jump in. These tips may help you pick companies with staying power.
Game software sales came in at just over $1 billion, a 23 percent drop compared to the 2008 numbers, according to market research firm NPD Group. The 2008 numbers were bolstered by blockbuster titles "Grand Theft Auto IV" and "Mario Kart Wii"—and a stronger economic climate.
With all the attention on Sony’s first net loss in 14 years Thursday, another announcement that was overlooked. Sony, while avoiding the words precisely, all but confirmed that a price cut is coming for the PlayStation 3 this year.
This is a strong rally, but not necessarily a bull market, said Tobias Levkovich, chief U.S. equity strategist at Citigroup.
After a relatively dull past two years, the Electronic Entertainment Expo ("E3" for short) appears ready to deliver the goods this year.
Lately gamers have seemed a bit less interested in the series that once defined cool – and shattered sales boundaries.
Microsoft and the Justice Department agreed to extend some portions of federal antitrust oversight for 18 months, according to court papers filed Thursday.
It's no secret that talks between Sun Microsystems and IBM have collapsed; and it's no secret, based on my earlier reporting that Sun has re-approached IBM and that IBM has rebuffed the overture. Again. But what's the real reason behind IBM's decision to walk?
In the past month, both Amazon and Toys R Us have launched pilot programs, trading and selling used games.
While the video game industry has proved relatively resistant to the recession so far, the CEO of GameStop, the industry's largest specialty retailer, says lowering the price of the leading three consoles is necessary to keep momentum going.
It's not often the CEO's comments can overshadow an entire earnings report, but that's what might be happening with Intel and the company's first quarter report.
This was going to be a dicey quarter no matter how you slice it for Intel, with analysts anticipating a paltry 2 cents a share in earnings and the very real possibility that the company could report its first loss in something like 87 quarters.
Will Wright, the creative force behind some of Electronic Arts’ biggest games, has announced plans to leave the company, the latest in a series of obstacles for the one-time publishing king of the video game space.
In a case of piracy that some analysts called unprecedented, untold thousands of people watched a version of “X-Men Origins: Wolverine” online Wednesday, a full month before its scheduled theater release, the New York Times reported.
Sheesh, suggest for a moment that Microsoft might have a winning message to deliver and wow does that burn you guys up!
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Matt Hunter is the senior technology editor at CNBC.com.
Ari Levy is CNBC.com's senior technology reporter in San Francisco.
Harriet Taylor is a CNBC.com technology reporter based in San Francisco. She covers Apple, Uber and the sharing economy, cyber security and emerging Silicon Valley trends.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.