Reuters News
(Reuters) – In-flight Internet provider Gogo Inc, which serves some of the biggest names in the airlines industry, filed with U.S. regulators on Friday to raise up to $100 million in an initial public offering of its common stock. Gogo, whose customers include Delta Air Lines, US Airways and American Airlines, is the latest firm […]
(Reuters) - Zynga Inc. shares opened as much as 10 percent above their offer price on Friday, but then rolled back showing that investors were still concerned about its dependence on Facebook and its growth prospects.
Analysts and investors had expected Zynga, maker of Facebook games, to raise its price or boost the number of shares it was selling, since demand had appeared strong in recent weeks.
Shares of Zynga were down 2.6 percent at $9.74 in early trading, but in the opening minutes of trading on the Nasdaq, the stock rose 10 percent to $11.00.
Zynga priced its IPO tonight and starts trading tomorrow. But maybe it should be called Pincus, given the control that founder Mark Pincus exerts over the company. Reuters' Tech Editor Peter Lauria, Social Media Editor Anthony De Rosa and Reporter Liana Baker discuss Pincus and the outlook for Zynga.
(Reuters) – “We generate substantially all of our revenue and players through the Facebook platform and expect to continue to do so for the foreseeable future,” Zynga wrote in its IPO prospectus. Technically, the admission is called a risk factor. But since Zynga, the wildly popular maker of mobile and social games such as “Mafia […]
(Reuters) – Traveling to space or embarking on an expedition to excavate lost Mayan ruins are normally the stuff of adventure novels. But for employees of Facebook, these and other lavish dreams are moving closer to reality as the world’s No. 1 online social network prepares for a blockbuster initial public offering that could create […]
(Reuters) – A court in southern China has rejected a lawsuit by Apple Inc, accusing a Chinese technology company of infringing its iPad trademark, a newspaper reported on Tuesday, the latest move in a protracted tug-of-war over the name. The Intermediate People’s Court in the southern boomtown of Shenzhen rejected Apple’s lawsuit against Proview Technology […]
(Reuters) - Facebook has hired the co-founders of Gowalla, one of the pioneering companies that developed the concept of "checking in" at real-world locations with mobile phones.
Facebook, which has its own location features built in to its online social network, will not acquire Gowalla's technology. And Gowalla's service will be shut down at the end of January.
"In talking with the Gowalla team, we realized that we share many of the same goals: building great products that reach millions of people, making a big impact quickly, and creating new ways for people to connect and share what's going on in their lives," Facebook said in an emailed statement on Monday.
(Reuters) - A rogue surgeon injects stem cells from a fetus into a sick man's brain. The cells morph and form body parts. When the man dies, the pathologist finds cartilage, skin and bone clumped in his brain.
The scene is not from a horror movie; it happened to Max Truex, a former Olympic runner who suffered from Parkinson's disease. The case sent a chill through the scientific community when it came to light 15 years ago and typifies some of the hurdles researchers have faced while trying to bring stem cell therapies to the market.
Now, it appears, their efforts are closer than ever to paying off.
Dozens of adult stem cell treatments are moving through clinical trials and showing early success, raising hopes that some could reach the market within five years.
"It will only take a few successes to really change the ...
(Reuters) – Aptera, the California startup best known for developing a space age-looking, three-wheeled car, has closed its doors after failing to raise the funds needed to put its ultra-efficient vehicles on the road. The company had received a conditional offer for a $150 million loan from the U.S. Department of Energy, but failed to […]
With Facebook preparing what could be one of the nation’s largest-ever IPOs, the company appears to be bulking up its technology arsenal by acquiring location-based startup Gowalla and hiring thousands of new workers. The news of the acquisition was reported late Friday by CNN Money, which said most of the small Austin-based company’s staff would […]