King.com broke 300 million month active users on Facebook Wednesday, according to AppData. That puts the newly public company at more than triple the MAUs of Zynga on the same platform. So far, King.com’s debut on the New York Stock Exchange has been rocky: Shares closed trading Wednesday at $19 each, more than 15 percent lower than the offering price.
Virtual reality will soon be actual reality at Facebook, as the social network announced its acquisition of immersive virtual reality technology company Oculus VR — maker of the Oculus Rift virtual reality headset — in a deal worth about $2 billion.
Vivek Wadhwa, a research professor at Stanford University, published a diatribe on LinkedIn a few months ago titled, “Facebook Is Doomed.” Contributing to the debate on the medium- and long-term sustainability of one of the biggest social networks is undoubtedly a healthy endeavor. However, this excessive public statement distinguishes itself with rather frivolous arguments on Wadhwa’s part.
GoToMyApartment CEO and Razz Interactive Chairman Joshua Swanson has a split personality, at least in the video below, in which he portrays both a thrilled Facebook investor and a not-so-thrilled Facebook marketer.
Mark Zuckerberg Discusses Going Public, NSA Controversy, Home, ‘Moving Fast’ At TechCrunch Disrupt SF 2013
Facebook Co-Founder and CEO Mark Zuckerberg discussed a variety of topics with TechCrunch Founder Michael Arrington at TechCrunch Disrupt SF 2013 Wednesday, including his advice for Twitter as it prepares to go public, whether Android overlay Home is a failure, and his opinions on how the government handled the aftermath of the reports about the National Security Agency’s Prism initiative.
With Facebook’s stock price finally surging past its initial public offering tag of $38 per share and topping the $40 mark, Vice President and General Counsel Colin Stretch continued to sell off shares in the social network.
Russian Internet company and early Facebook investor Mail.ru Group sold its remaining 14.2 million shares in the social network in July and August, netting it more than $525 million, Ryan Chilcote reported on Bloomberg Television’s “The Pulse with Guy Johnson.”