Active Equities: Zynga Pops, Google Inc, Molycorp and Apple Shares Slip
Zynga (NASDAQ:ZNGA): Facebook’s (FB) days as a boomtown for game operators appear to have come to an end, with the total number of users stagnating amid rising barriers to entry, increasing competition and an intensifying fight for consumer mindshare with other social networking activities, according to IHS. Following fast growth during the previous two years, the number of Facebook gamers languished in 2011. At the end of 2010, about 50% of Facebook’s monthly active users were gamers. At the end of 2011, the absolute quantity of gamers changed little, and the percentage of Facebook monthly active users that were gamers slipped to just 25%, the firm said.
Google Inc (NASDAQ:GOOG): The Samsung Galaxy III smartphone will include 4.8-inch “full HD” 1080p resolution with 16:9 aspect ratio display, a 1.5•1.5GHz quad-core, and a ceramic case, according to Boy Genius.
Molycorp (NYSE:MCP): Piper Jaffray downgraded Molycorp citing lack of catalysts, execution challenges, and increased production costs. Price target lowered to $28 from $50.
Apple Inc (NASDAQ:AAPL): A shipping manifest purportedly from Apple (NASDAQ:AAPL) partner Foxconn hints the supplier is already readying shipments of the third-generation iPad for retailer Best Buy (NYSE:BBY), according to AppleInsider, citing a report from over the weekend from Apple.pro.
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