Shares Zynga, Inc. (NASDAQ: ZNGA) soared on Tuesday on the heels of news reporting that King Digital Entertainment, the European social gaming giant best known for Candy Crush Saga, has filed a public F-1 with the U.S. Securities Exchange Commission for a planned initial public offering. King said it aims to raise $500 million in the IPO. Zynga hit a new 52-week high of $5.16 during intra-day trading. On Tuesday shares of Zynga showed the strongest stock market performance it’s seen in more than a year.
Zynga Inc. develops, markets, and operates online social games as live services on the Internet, social networking sites, and mobile platforms in the United States and internationally. The company provides its online social games under the FarmVille, CityVille, FarmVille 2, ChefVille, CastleVille, Zynga Poker, Words With Friends, Scramble With Friends, Draw Something, Bubble Safari, Mafia Wars, Ayakashi, Horn, and Respawnables names that are available on Facebook and other social networks, and mobile platforms, as well as through Zynga.com.
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Shares of BlackBerry Limited (NASDAQ: BBRY) shot up 5.35% on Tuesday with a little over 30 million shares traded. The Company’s Chief Executive Officer John Chen responded to T-Mobile US Inc. (TMUS) for encouraging users of his company’s devices to switch to Apple Inc.’s iPhone. T-Mobile had pushed the iPhone 5S for $0 down, according to a copy of the ad posted to website crackberry.com. “Switch to iPhone 5S and get powerful communications and productivity apps - with the ease of use that Apple is known for,” said T-Mobile, which is based in Bellevue, Washington.
“As we were never told of their plans in advance, I can only guess that T-Mobile thought it’s ’great offer for BlackBerry customers’ would be well received,” Chen wrote in a blog post. “T-Mobile could not have been more wrong.”
“I hope we can find a way forward that allows us to serve our shared customers once again,” he said. “I can assure you that we are outraged too.”
BlackBerry Limited engages in the design, manufacture, and marketing of wireless solutions worldwide. It provides platforms and solutions for access to email, voice, instant messaging, short message service, Internet and Intranet-based applications, and browsing through the development of integrated hardware, software, and services. The companys technology also enables an array of third party developers and manufacturers to enhance their products and services through software development kits, wireless connectivity to data, and third-party support programs.
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