Technology, Social Media | featured news

Zynga has countered a copyright-infringement lawsuit from Electronic Arts with its own allegations that EA sought a potentially illegal agreement to avoid poaching each others' employees.

Facebook Inc CEO Mark Zuckerberg might need to talk more often. A 30-minute appearance at a technology industry conference earlier this week has translated into $6.785 billion in additional market valuation for his company.

Tech investors are sidling up to the bar again after the "Facebook hangover," only this time they are minding their P's and Q's. "In a sense, the tech IPOs are back," said Francis Gaskins, president of IPODesktop.com. Only seven tech or Internet companies have gone public since Facebook's IPO; by comparison, Gaskins said now there are 20 technology companies in the IPO pipeline. The difference is that the offerings are smaller and priced to lure institutional investors rather than emotion-driven retail investors.

Facebook Inc CEO Mark Zuckerberg soothed investors in his first major public appearance since the No. 1 social network's rocky May IPO, breathing life into its struggling shares after hinting at new growth areas from mobile to search.

Zynga Inc's chief marketing officer has resigned, becoming the latest senior executive to depart the struggling social games company behind popular Facebook Inc games such as Farmville.

President Barack Obama's speech at the Democratic National Convention on Thursday night ranked as the biggest political moment ever on the social media site Twitter.

Not long ago, online games company Zynga looked on pace to unseat much bigger, well-established rivals as it rode the popularity of "FarmVille," the clicking game of virtual cows and real money.

Facebook shares scraped a new low
Tuesday. The new drag on the already leaden stock:
Analysts from two of Facebook’s largest
underwriters on its botched initial public
stock offering cut their price targets.

Facebook Inc promised not to sell stock to cover a nearly $2 billion tax bill and said it will allow employees to cash in their stock weeks ahead of schedule, moving to soothe nervous investors and its own staff as its share price spirals downward.

Reddit, built on open-source software and guided by the ethos of its community of 20 million users a month, is a classic Web start-up in which opportunity seems mixed with barely controlled anarchy.