Zynga Inc., the biggest maker of online social games, forecast second-quarter sales that may fall short of some analysts’ estimates as revenue from mobile titles fails to make up for a drop in users playing its games on Facebook Inc.’s website.
Facebook Inc.’s stock, which has already lost $25 billion in value since its public debut, would have to drop another 20 percent for its valuation to match other companies that do business over the Internet.
Zynga Inc.’s operations are getting the least credit in public markets among Internet media companies, and management’s refusal to consider a sale as growth slows is blocking an avenue for shareholders to recoup losses.
Groupon Inc.’s decision to fire Andrew Mason puts pressure on Chairman Eric Lefkofsky to find a replacement who can create a money-making business after the daily-deal provider lost $723.8 million in the past three years.
Take-Two Interactive Software Inc. , the publisher of “Grand Theft Auto” video games, beat analysts’ estimates for third-quarter profit with sales of its basketball game. The company raised its fourth-quarter forecast.