Facebook, Zynga stocks end week on high note

(AP)—Facebook's beleaguered stock is set to end the week on a high note, pulling Zynga with it.

CEO Mark Zuckerberg jump-started 's stock earlier this week when he talked up the company's mobile and acknowledged it has made mistakes.

His comments came in his first interview since Facebook's botched debut in May.

Facebook also launched its advertising exchange on Thursday. Facebook Exchange lets advertisers target users in real-time, based on outside websites they visit. So if you visit a store's website, you might see ads from them on Facebook.

Facebook's stock is up more than 5 percent at midday. It's up 15 percent for the week.

Shares in Zynga, the struggling online company behind "FarmVille" and other games, are up 4 percent. Week-to-date they're up 7 percent.


Explore further

Zynga.com to show Facebook ads

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Citation: Facebook, Zynga stocks end week on high note (2012, September 14) retrieved 26 May 2020 from https://phys.org/news/2012-09-facebook-zynga-stocks-week-high.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments