Posts Tagged ‘All Things Digital’

Free Apple iTunes Giftcard scam spreads on Facebook

Published by pratyushkp on July 5th, 2011 - in Social, Technology

Facebook users are being tricked into helping scammers earn money, in the mistaken belief that they will receive a free $25 Apple iTunes Giftcard.

We have seen a number of Facebook users posting messages like the following onto their walls:

Free $25 Apple iTunes Giftcard
Limited time left, get yours now!

Clicking on the link takes you to a webpage which urges you to “Share” the message with your Facebook friends before you can go any further.

Myspace Has Just One Bidder

Published by pratyushkp on June 10th, 2011 - in Social, Technology

Image via CrunchBase

The tragic tale of once successful Myspace may finally come to an end.

According to All Things Digital, an investing group including Activision Chairman Bobby Kotick is in final talks to take over the site. ATD adds that Myspace owner NewsCorp is likely to hold onto about 20 percent of the site.

However, sources close to the deal also warned that it has not yet been finalized and could still fall apart.

News Corp paid $580 million for Myspace back in 2005, but the site has tanked since Facebook‘s rise, even with an attempted makeover into an entertainment hub. Recent numbers have shown traffic in steep decline.

Still, the most current reports said that News Corp was hoping to get at least $100 million by selling off the Myspace. Sources indicate that these numbers will not be met.

Since News Corp announced that the site was open for takeover, companies including Vevo, Zynga, and a few others were rumored to have been interested. These deals have not worked out, according to ATD.

Source -:

  • Exclusive: Myspace in Advanced Deal Talks With Investor Group, Possibly Including Activision’s Kotick (
  • Activision’s Bobby Kotick is asked to join investor group pursuing Myspace (
  • Sad MySpace Has Just One Bidder [Deathwatch] (
  • Turn The Lights Out, MySpace, The Party’s Over (
  • What’s Up With MySpace (And Why Isn’t Yahoo Interested?) (
  • Kotick-led investor group to buy controlling stake in Myspace (
Tags: Activision, , , , , News Corporation, Robert Kotick, , ,

Zynga Preparing To File IPO: Report

Published by pratyushkp on May 25th, 2011 - in Social, Technology

Image via CrunchBase

Zynga, the force behind wildly popular social games like Farmville, Mafia Wars, and FrontierVille, is preparing to file its initial public offering, writes All Things D‘s Kara Swisher, citing unnamed sources “close to the situation.”

According to All Things D, Zynga may file with the Securities Exchange Commission “as early as this week, or next week at the latest.”

The IPO follows hot on the heels of LinkedIn, which was predicted to touch off a slew of IPOs by Internet companies such as Groupon and Facebook.

The Wall Street Journal reported earlier this year that Zynga’s revenues in 2010–the company’s third year in business–reached $850 million, triple what it brought in in 2009. In May 2011, following a fresh round of funding just south of $500 million, the company was estimated to be worth around $10 billion. It’s likely that its valuation could rise significantly, especially given investors’ red-hot demand for social networking sites and Internet firms, which has sparked talk of a second tech bubble.

By comparison, LinkedIn brought in $243 million in revenue in 2010 and was valued at around $8.45 billion, post-IPO.

The New York Times wrote in January of this year that an IPO by Zynga was “said to be unlikely in 2011.” The Times reported, Zynga “is in no hurry for an initial public offering and unlikely to seek one this year, according to people with knowledge of the company’s plans.”

Read more at All Things D.

Source :-

  • Zynga Prepping To File IPO: Report (
  • Social Gaming Company ‘Zynga’ Preparing To File IPO (
  • Zynga To File For IPO By End Of June (
  • Exclusive: Zynga About to File for IPO (
  • Zynga About to File for IPO (
  • Zynga about to file for IPO (
  • Zynga Preparing to File for IPO [REPORT] (
  • Report: Zynga Ready For IPO As Social Gaming Cashes In (
  • Report: Zynga Filing for IPO This Week or Next Week (
  • Zynga Close To IPO Filing, Says Report (
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