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Zynga Moves Farther from Facebook with Several Acquisitions
According to the Global Online Gaming Report released by yStats.com, global online gaming revenues are projected to grow at an annual growth rate of more than 10% from 2010 through 2016. Within the U.S., social gaming will continue to grow and account for more than 40% of Internet users in the country. This is obviously
After Rebuke, Groupon Works to Restore Confidence
Earlier this year, newly listed daily deals provider Groupon faced rebuke from accountants. The company had to revise their previous quarter’s performance because their auditors found significant issues, material weaknesses and missing internal controls in their financial statements. To repair the damage their reputation, Groupon has worked hard and for the past quarter delivered a
Boingo Bringing Wi-Fi Under Ground and in the Air
According to the recently released Cisco Visual Networking Index: Global Mobile Data Traffic Forecast Update, 2011-2016, global mobile data traffic grew 2.3 times last year to 597 petabytes per month. The report estimates that the monthly global mobile data traffic will grow 78% annually over the period 2011 through 2016 to surpass 10 exabytes. Growth
U.S. Online Travel Companies Pursue Global Expansion
According to PhocusWright’s Global Online Travel Report 2012, the online travel segment will account for a third of the total global travel market value. Online travel sales are expected to grow by more than 10% in the U.S. in 2012. Experts predict that the U.K. will account for the largest share of Europe’s online travel market
Apptio, Not Yet Profitable, Raises $91 Million in Funding
Analysts believe that with developments like virtualization and the cloud, it has not only become more difficult but also more important to track the cost and value of IT services. The IT departments have thus had to look out for solutions that help them manage their operations and prove their RoIs. Organizations are moving to
Fusion-IO Diversifies Customer Base, Expands Product Offerings
Global market intelligence firm IDC estimates that the enterprise flash market will grow to $4.5 billion by 2015. Earlier this year, a Morgan Stanley analyst, Katy Huberty, projected a much stronger growth path. She believes that the enterprise flash market will grow from $2 billion to $20 billion over time. She, however, did not specify the time
ADP, Paychex Grow, Despite Sluggish Recovery
According to the Bureau of Labor Statistics, in April non-farm payroll grew by 115,000, much short of the market’s projected growth of 165,000 jobs. However, during the month, unemployment rate fell marginally from 8.2% to 8.1%. As the slow growth in the job market continues, payroll processing firms are delivering steady progress and meeting market expectations.
LinkedIn Targets More Ad Revenue
EMarketer estimates that professional social networking site LinkedIn will see strong growth in the years to come. The researcher predicts that LinkedIn’s advertising revenues will grow to $405.6 million by the year 2014, compared with $154.6 million reported last year. They go on to predict that by 2014, U.S. advertisers will contribute 60% of LinkedIn’s