Zynga

Facebook posts $59m net loss in Q3

Social networking site Facebook has posted a $59m net loss for 3Q12, which it has attributed to high taxation. The loss was made despite revenue increasing by 32 per cent year on year from $954m to $1.26bn, as the firm stepped up its efforts in mobile advertising.

Zynga files for IPO, says its future is mobile

Social gaming giant Zynga has filed for its much-anticipated initial public offering in the US. While the company has yet to put a price tag on the shares, as part of the process of calculating its registration fees with the Securities and Exchange Commission (SEC), Zynga has estimated it will raise $1bn from the sale.

Polls

Will regulators ever be able to catch up with the rate of change in the telco/tech industry?

  • No (75%, 36 Votes)
  • Yes (25%, 12 Votes)

Total Voters: 48

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