Pandora Media Inc.’s online music service is so popular among smartphone users that it’s the most- downloaded free music program on Apple Inc.’s and Google Inc.’s app stores. So far that hasn’t won over mobile advertisers.
Zynga Inc. fell to the lowest price in more than four months after Scott Devitt, an analyst at Morgan Stanley, downgraded the stock and said the social-games maker may need to trim staff to make up for user declines.
Amazon.com Inc., the world’s largest online retailer, surged to a record after Morgan Stanley said the company’s network of distribution centers will help it win share in an expanding global e-commerce market.
Netflix Inc. is poised to pass HBO in paid U.S. subscribers, showing Chief Executive Officer Reed Hastings is making progress toward a goal of transforming the streaming service to a Web-based television network.