Think Facebook Execs Are Overpaid? Tough Noogies
Facebook's 2013 proxy voting results suggest most outside shareholders are unhappy with its executive compensation system. Too bad. There's nothing they can do about it.
Facebook's 2013 proxy voting results suggest most outside shareholders are unhappy with its executive compensation system. Too bad. There's nothing they can do about it.
From clever moves by Microsoft and Amazon to an ill-conceived layoff at Zynga, here are the week's smartest moves and worst misses in the business world.
Zynga announces plans to cut 520 jobs, or 18% of its workforce, saying the move is necessary to "move forward."
It's been an interesting week in the business world, with Netflix blowing away expectations, and Apple agreeing to take on debt to return money to its shareholders.
With Apple, Ford, Nintendo, Zynga and Amazon getting ready to report, let's go over a few of the items that will help shape the week that lies ahead on Wall Street.
A lot of wonders and blunders took place in the business world this week, from vinyl record fans getting some digital love to Disney shutting down a popular division.
Zynga has rolled out its first real money casino games, but only in the UK. The company has also taken steps to provide internet gambling in Nevada, if U.S. laws are changed.
The futures of the Lannister, Stark, Baratheon and Targaryen clans are unknown. But if George R.R. Martin lets them live, what stocks might his characters buy for retirement?
Two hundred-fifty million people play games on Facebook each month, which could help the social network find a way to monetize its vast platform of more than one billion users.
From eBay stepping up with its latest financials to Facebook showing off its latest clever ideas, there will be plenty of news breaking in the coming days. Here's a rundown of what's likely to shape the week ahead on Wall Street.
From an eco-friendly move that should drum up coffee sales to pulling the plug on some popular diversions, here are this week's smartest moves and biggest blunders from the business world.
Here's a free game idea for Zynga. It's called DefectionVille, and you're running a company while trying to stop its executives from leaving. Unfortunately for the social gaming giant, it's losing: The exec exodus continued Tuesday as Zynga CFO David Wehner left the company for Facebook.
Amazon released its first mobile game, "Air Patriots" on Thursday, The classic tower defense strategy game is a free download for Apple iOS and Android devices; but can the world's largest online retailer compete in a marketplace filled with thousands of nimble little competitors?
This should be a good time for Electronic Arts: Madden NFL 13 and The Simpsons: Tapped Out are selling well, FIFA 13 and Battlefield 3 are expected to be big winners, and digital revenue is up 40%. But the outlook for the video game developer and publisher is actually problematic.
"The Scream," a painting of pure panic from 1896, descended on New York yesterday. Thankfully the Dow, which arrived on the scene the same year, avoided the sort of existential angst it suffered 24-hours earlier. Stocks still ended off again, however, and some shares were especially hit.
Oh, no. Things are getting ugly for Crocs again. The footwear maker is still growing, but not as quickly as the market would like. The company saw revenue in the third quarter climb 8% to $295.6 million, short of the $302.4 million that analysts were targeting.
Zynga hit investors with bad news on Tuesday, announcing it would lay off 5% of its employees, scale back, and suspend development of 13 older games. And it all came out as Facebook, to which the social gaming leader's fortunes are closely linked, reported better than expected results.
AMC's "The Walking Dead" is a runaway hit,and its ratings just keep getting bigger. Clearly, America is in a post-apocalyptic mood, as hooked on zombies as we are on vampires. So if you've got the brains, you might want to invest in this undead trend. Here are four stocks to consider before the world ends.
Bed Bath & Beyond peeled back the curtain on Wednesday, but then the shower rod fell down. The home goods retailer posted disappointing quarterly results for its fiscal second quarter, despite net sales that climbed by a better than expected 12%.
Zynga's stock has shed more than two thirds of its value since the company went public at $10 just nine months ago, but now the online gamemaker is in the news for something that may actually be good.
Zynga, the company behind FarmVille, Words With Friends and Mafia Wars, has been having a hard time holding on to its stock value -- and its top employees. But are executives leaving because of the weak share price or is the share price weak because of the company's prospects?
Manchester United has an ardent fan base -- 75,000 cheering them on at every home game and millions more watching on TV. But apparently there aren't a lot of soccer fans on Wall Street. When the club kicked off its IPO Friday, the excitement was muted, to say the least.
Zynga has a problem keeping gamers around, and now the same thing may be happening with its executives. The social gaming giant revealed on Wednesday night that Chief Operating Officer John Schappert is leaving the company.
The worst thing about energy drinks is the letdown crash after the kick fades away. Well, Monster Beverage investors know the feeling. Shares of the energy drink company crashed after it posted disappointing quarterly results on Wednesday night.
Social gaming on Facebook was the Next Big Thing last year. This year? Not so much. Online gaming powerhouse Zynga saw its numbers stumble in the second quarter. Yet Amazon.com is entering the business anyway.
Need a lift? Hop in, I'm heading that way. Need a place to crash? Rent my spare bedroom. Need a wheelbarrow for a day. Rent mine, it's just sitting in my shed. Welcome to the new "collaborative consumer economy," where people share services and expenses with strangers, and everyone wins.
"It's complicated" is the only relationship status that fits the rocky romance between Wall Street and Facebook. Shares of the social-networking giant took a hit on Friday after it failed to post blowout quarterly results. But are investors being unfair to Facebook?
Social gaming giant Zynga has a new game for investors: DudsVille. The company behind Words With Friends and FarmVille opened 40% lower on Thursday after posting very disappointing quarterly results.
Sony isn't about to give up on console and dedicated handheld gaming platforms, but it's willing to bet on a new horse. The Japanese giant is acquiring California-based Gaikai, a cloud based gaming firm, in a $380 million deal.
Social gaming giant Zynga tried to impress the market Tuesday by unveiling an arsenal of upcoming games. But the developer behind Mafia Wars 2 didn't make anyone an offer it couldn't refuse: The stock fell, and it's easy to see why.




























