Tech Business Roundup: Yahoo Domestic Marketshare SLIPS, Kit Digital ROCKETS Higher
The market share for domestics searches claimed by Yahoo (NASDAQ:YHOO) fell by 3 percent in May, according to comScore. This decline marks the ninth such move in a row, with the company’s share standing at 13.4 percent in May.
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Video tech supplier Kit Digital (NASDAQ:KITD) shares move way up on word that the firm is in discussion with several potential suitors, and progress is expected to be reported “in the near future”. On the downside, Kit is unable to reach an understanding with the 8 percent shareholder JEC Capital Partners regarding appointments to its board.
Zynga (NASDAQ:ZNGA) boosters hope that its Unleashed event on June 26th will see the unveiling of several new titles, as ten new products were launched at the same event in October 2011. In anticipation, the firm’s shares were raised to Equal Weight by Evercore, and JPMorgan maintains that Zynga’s so far disappointing bookings growth can be restarted in 2012, with its share lockup expirations ending in August.
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