Apple's China Syndrome, Facebook's New Independence: Tech Weekly
Zynga (ZNGA) and Facebook (FB) announced late Thursday that they altered the terms of their agreement, as the two companies continue to move away from each other.
According to a regulatory filing, Zynga will no longer have to display Facebook ads or use Facebook payments on its Zynga.com properties. Facebook, for its part, can now develop its own games.
Shares of Zynga gained 6% this week to close at $2.46, while Facebook moved sharply higher, rising 17% to finish at $28.
Earnings releases were light this week, but a couple of newly public companies announced results: Workday (WDAY) and Splunk (SPLK).
Workday reported its first earnings report as a public company, beating Wall Street estimates. The company generated a third-quarter loss of 39 cents a share on $72.6 million in revenue, doubling from a year earlier. Wall Street analysts polled by Thomson Reuters expected a loss of 59 cents a share. For the fourth quarter, Workday expects sales of $75 million to $79 million. Analysts, on average, expect Workday to generate revenue of $70.7 million.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
