Tech Business Roundup: Zynga’s New Partner, Verizon Wireless Rattles the FCC

Certain marketing arrangements between Verizon Wireless (NYSE:VZ) (NASDAQ:VOD) and several cable operators has the FCC asking for more details. Complaints from industry competitors and public interest groups are said to have sparked the inquiry.

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The booming mobile payments success of Square, has PayPal (NASDAQ:EBAY) announcing its forthcoming new payment platform next week. Few details are currently being released, but the platform is expected to target small businesses for users.

Japanese console game developer Konami is one of three game developer partners picked by Zynga (NASDAQ:ZNGA), for Zynga Platform. The latter company’s knack of promoting its games to working partners is seen as instrumental to maintaining its 246 million monthly active users, and obtaining more.

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Its shares currently trading at the year’s high, Sprint (NYSE:S) posts a 9.1 percent gain. This follows a 7 percent increase Thursday, as it became apparent that the company is shaving customers from its rivals.

Pandora (NYSE:P) is wildly popular, according to Steve Birenberg, but its costs are rising faster than its revenues. The number of its active listeners and their time spent on Pandora are popping, but every song exacts real costs that are escalating. Making matters worse (or not helping) is the fact that no wherewithal currently exists to push the company forward by selling local advertising, which is not the case with radio.

Symanetc’s (NASDAQ:SYMC) Norton antivirus source code is rumored to have been leaked on the Internet, and that has traders’ attention. The hack is said to be ‘a somewhat pared down Anonymous’.

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To contact the reporter on this story: Mark Lawson at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com