Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, vaulted 6 percent in pre-market Wednesday trading following CEO Mark Zuckerberg’s acknowledgement of “disappointing” performance since the highly touted May 17 initial public offering.
Facebook scrip (FB) seemed to rise against the tide as it posted a gain of 3.30 percent or 62 cents to end at $19.43 Sept.11, after its shares recorded a fall of over 2 percent in early Sept.10 trade before recovering to close $18.79, down 19 cents or 1 percent. The revival despite Co-founder Dustin Moskovitz selling shares stemmed from CEO Mark Zuckerberg's assurance to revive Facebook growth story and align services toward mobile and search functions.
The photo-based social network Instagram saw its 100 millionth user join the site on Tuesday, according to Mark Zuckerberg, the CEO of Facebook, which purchased Instagram for $1 billion in April.
Always a fan of user-generated content and community-oriented software development, Valve Corp. released the list for its first round of independent games from its new "Steam Greenlight" program on Wednesday. Titles include "Black Mesa," "Cry of Fear," "Dream," "Heroes & Generals," and "Kenshi," all of which ranked at the top of the community's most popular titles on the new Greenlight platform.
Gaffe-prone Vice President Joe Biden offended many Twitter users while describing Sept. 11 as "bittersweet" during a ceremony Tuesday for those who lost their lives on United Flight 93, which crashed in a Pennsylvania field.
Apple (Nasdaq: AAPL) is expected to debut the iPhone 5 on Wednesday but there are at least five pitfalls that could endanger the company's huge success in the market. Here they are.
Following a slew of announcements about Valve Corporation expanding beyond game development and distribution into general software and hardware possibilities, Steam is officially releasing a beta version of its "Big Picture Mode" today. Showing a sleek and innovative approach to a television-based user interface, the new version of Steam raises questions about the future of PC game development.
Proofpoint Inc. (Nasdaq: PFPT), the security software developer that conducted an April IPO, is confident it can beat bigger rivals like Symantec (Nasdaq: SYMC) in the market because it uses the cloud, offers lower cost of ownership and is spending cash to devise new products. So far, none of its accounts has been successfully cyberattacked, said CEO Gary Steele.
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, fell more than 2 percent in early Monday trading after co-founder Dustin Moskovitz disclosed he’s dumped more shares, a week after the Menlo Park, Calif., company tried to erect a firewall by announcing buybacks and other measures. The latest sales came after Moskovitz dumped about a million shares in August.
Chances are there few personalities as creative, disruptive and rich in the technology sector as Jeff Bezos, the founding CEO of Amazon.com Inc. (Nasdaq: AMZN), the No. 1 e-retailer. He's put Borders Books out of business and could even put Apple Inc. (Nasdaq: AAPL) in its place.
Has Apple finally begun to lift its ban on BitTorrent apps? Since Apple first founded the App store, the tech giant has had a standing ban on any apps related to the torrent client. On Friday, however, two new BitTorrent-related apps appeared in the App Store, possibly a sign that Apple is relaxing their restrictions on torrent-related content.
Returning to a familiar world and characters can be a way for people to replenish the reservoir of will in their psyche, a new study argues.
Paris Jackson has been in the news lately ever since she began publicly fighting with her aunts and uncles via Twitter. After a recent interview with a magazine Paris Jackson revealed that she doesn't have too many friends at school and that she wants to pursue her dream of becoming a Hollywood actress.
Microsoft on Thursday evoked the famous Pepsi Challenge marketing campaign when it launched the "Bing It On" challenge, an online blind comparison test in which its Bing search engine goes head to head with Google
The popular BitTorrent service uTorrent has released an app for Android phone and tablet users that will allow fans to download content directly to their devices while being able to use the same features as the desktop version.
John Clayton, who's made his name at ESPN for being a reserved, newsy reporter, appears in a new "This is SportsCenter" ad with a pony tail and Slayer tee shirt. The commercial vaulted Clayton to a nationally trending Twitter topic on Thursday.
Nokia Corp, Telefonica, ABB Ltd, Procter & Gamble, ArcelorMittal, Facebook, Abercrombie & Fitch, Citigroup and Groupon Inc are among the companies whose shares are moving in pre-market trading Thursday.
A firewall set up late Tuesday by Facebook (Nasdaq: FB), the No. 1 social networking site, appears to be holding: shares rose 45 cents to $18.17 in early Wednesday after CEO Mark Zuckerberg promised not to sell any more shares for at least a year.
The top after-market NYSE gainers Tuesday were Guidewire Software, Cenveo Inc, Six Flags Entertainment Corp, CONSOL Energy and Pep Boys-Manny, Moe & Jack. The top after-market NYSE losers were Greenhill & Co, Assured Guaranty Ltd, Kindred Healthcare, Nustar Energy L.P. and Giant Interactive Group Inc.
"American Pie's" Jason Biggs and his wife Jenny Mollen have stepped into some hot, boiling water after they made jokes about child rape and misogynistic tweets, All Voices reported.
Ailing Finnish smartphone maker Nokia Oyj (NYSE: NOK) is betting the company that two new Lumia smartphones based on the new Windows 8 OS from Microsoft (Nasdaq: MSFT), the world's biggest software company, will be international hits.
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, went into a freefall Tuesday, plunging about 2.5 percent to keep setting new lows. After falling as low as $17.58 in late morning, they recovered slightly to $17.63, down 43 cents, after the first two hours of trading.
