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Seth Klarman Bets Big On Bill Ackman, Other SPACs
Monday, November 16, 2020 - 3:00pm | 356Read More...Hedge fund manager Seth Klarman revealed several investments in SPACs during the third quarter, including a big bet on the largest SPAC from Bill Ackman. What Happened: A 13F filing from the third quarter reveals Klarman's Baupost Fund took a new 17.5 million-share stake in Pershing Square...
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LinkedIn Founder And Zynga Founder Team Up On New SPAC
Tuesday, September 1, 2020 - 1:23pm | 435Read More...The SPAC market continues to heat up with famous investors and former CEOs getting involved. Reid Hoffman and Mark Pincus are behind Reinvent Technology Partners (NYSE:RPU), a new technology SPAC. The Leadership Team: Hoffman and Pincus met in 2002 and have been involved in numerous projects...
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Historical Analysis: Do Returning Founder CEOs Boost A Company's Stock Price?
Friday, April 8, 2016 - 11:49am | 381Read More...Twitter Inc (NYSE: TWTR) and Pandora Media Inc (NYSE: P) are the latest companies hoping that a blast from the past can kick-start their businesses. Both companies are struggling with generating profits, and both have recently named founders of the company to the CEO position in an effort to turn...
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Zynga Gains 5% On CEO Change
Wednesday, March 2, 2016 - 7:34am | 192Read More...Shares of Zynga Inc (NASDAQ: ZNGA) were trading higher by more than 5 percent early Wednesday morning after the company appointed a new CEO. Zynga announced after Tuesday's market close that Frank Gibeau will replace Mark Pincus as CEO, effective March 7. Gibeau joined the company in 2015 as a...
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Is Zynga A Penny Stock?
Thursday, April 23, 2015 - 7:55am | 589Read More...Zynga Inc (NASDAQ: ZNGA) was once considered to be a powerful force in online game development, thanks in part to the "FarmVille" franchise. That changed when the company started losing players, which prompted Zynga to layoff several employees. Now the game studio, which once traded...
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Mark Pincus Only Adds More Questions For Zynga, Jefferies Says
Thursday, April 9, 2015 - 9:37am | 181Read More...In a report published Wednesday, Jefferies analyst Brian Pitz commented on Zynga Inc (NASDAQ: ZNGA) naming its founder and Chairman Mark Pincus to replace Don Mattrick and assuming the CEO role, effective immediately. According to Pitz, the announcement is a negative as the change in management...
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Is Zynga Stock A Buy Under 'New' CEO?
Thursday, April 9, 2015 - 7:57am | 258Read More...Zynga Inc (NASDAQ: ZNGA) founder Mark Pincus surprisingly took back the helm of his company Wednesday, forcing CEO Don Mattrick, a Microsoft Corporation veteran, to resign. The one-year experiment without Pincus at the helm did little to revive the company; instead, the stock is down nearly 31...
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Why Zynga Needs Fresh Blood, Not Former CEO Mark Pincus
Wednesday, April 8, 2015 - 3:55pm | 545Read More...Mark Pincus, founder and chairman of Zynga Inc (NASDAQ: ZNGA), has returned to his role as the company's CEO. This decision might surprise some investors, who wondered if former Microsoft Corporation (NASDAQ: MSFT) exec Don Mattrick could take the company to the next level. Cody Willard,...
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Zynga Reports Q1 Earnings; Shares Up
Wednesday, April 23, 2014 - 4:02pm | 156Read More...On Wednesday April 23, 2014, Zynga (NASDAQ: ZNGA) announced its first quarter earnings. Shares of the company are up 4.75 percent or $0.22 per share in after-hours trading to $4.64. For this quarter the company posted a net loss of $61 million, which included a 30 million restructuring charge....
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Zynga Real-Money Online Gambling Comes to Facebook (FB, ZNGA)
Wednesday, July 10, 2013 - 12:44pm | 714Read More...Gambling, in both the online and physical worlds is all about generating excitement. Zynga (NASDAQ: ZNGA) hoped to generate some excitement of its own Wednesday as it prepared to unwrap its real-money gambling apps for Facebook (NASDAQ: FB) and for mobile. San Francisco-based, Zynga said that...
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Five Reasons Yahoo Shouldn't Buy Zynga
Tuesday, March 12, 2013 - 11:16am | 543Read More...Yahoo (NASDAQ: YHOO) is rumored to be interested in a bid for Zynga (NASDAQ: ZNGA). At least one analyst, Wunderlich's Blake Harper, believes that Zynga has officially become a possible takeover target for the firm, along with Yelp (NASDAQ: YELP) and OpenTable (NASDAQ: OPEN). As the owner of the...
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The 8 Most Controversial CEOs in America
Wednesday, January 23, 2013 - 1:20pm | 1593Read More...There are a number of controversial CEOs on Wall Street. Any number of different personality quirks, management styles or missteps can gain you admission to the "most controversial club." One reason for this is likely because of the eccentric personalities displayed by many entrepreneurs. At...
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Zynga Loses One Million Players Every Day
Wednesday, October 24, 2012 - 12:01pm | 291Read More...New ranking results suggest that Zynga (NASDAQ: ZNGA), the company behind FarmVille and Words With Friends, is losing one million players every day. On October 1, AppData -- an independent researcher of metrics and trends -- reported that Zynga had 340 million monthly active users. As of today,...
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Why Zynga Won't Go Private
Monday, October 8, 2012 - 11:45am | 654Read More...Rumors suggest that Zynga (NASDAQ: ZNGA) CEO Mark Pincus might take his company private. This would be an interesting turn of events for the social game company, which continues to decline. Regardless, it is unlikely to happen. Never mind the analysts, who warn that by taking Zynga private so...
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Zynga Down Another 18%, Signaling the End
Friday, October 5, 2012 - 11:27am | 633Read More...Zynga's (NASDAQ: ZNGA) demise is fast approaching as investors abandon the creator of FarmVille, CityVille and other social media games. Built almost exclusively with the help of Facebook (NASDAQ: FB) and its impeccable number of users, Zynga was once believed to be the next big company in the...
