The Telegram - News - Canada - World - Society

Article

Print
Send to a friend
Comment (0)

Facebook and Zynga shares set to end week on a high note after Zuckerberg comments

Published on September 14, 2012; Published on September 14, 2012

Topics :: NEW YORK, N.Y.

NEW YORK, N.Y. - Facebook's beleaguered stock is set to end the week on a high note, pulling Zynga with it.

CEO Mark Zuckerberg jump-started Facebook's stock earlier this week when he talked up the company's mobile ambitions and acknowledged it has made mistakes.

His comments came in his first interview since Facebook's botched Wall Street debut in May.

Facebook also launched its advertising exchange on Thursday.

Facebook Exchange lets advertisers target users in real-time, based on outside websites they visit.

So if you visit a store's website, you might see ads from them on Facebook.

Facebook's stock is up more than 5 per cent at midday. It's up 15 per cent for the week.

Shares in Zynga, the struggling online company behind "FarmVille" and other games, are up 4 per cent. Week-to-date they're up 7 per cent.

©

Rate
Top of the page

Submit a comment

Submit a comment Your name* Email* (we keep all emails private) Write your comment here*

Agreement

We ask that users remain courteous. You may not post insulting, discriminatory or inappropriate content, which may be removed at our discretion. We are not responsible for user content and opinions. Use of this site as well as content submission & ownership are governed by our Conditions of Use and Privacy Policy.

Member organizations should be non-profit in nature, and promote legal activities. Any organization found promoting illegal activities or commercial products or services will be deleted from the site.

I agree with these conditions.