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.
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.
Netflix Inc.’s effort to secure a place for its video-subscription service on Time Warner Cable Inc. set-top boxes is on hold now that the cable operator is being sold, people with knowledge of the matter said.
King Digital Entertainment Plc, maker of the “Candy Crush” smartphone game, suffered the biggest decline of a newly listed U.S. company in over four months even after it priced its shares at a discount to its major peers.