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Apple's Eddy Cue lets go of $8.76M in stock

Apple's iTunes, iCloud, and Maps chief, Eddy Cue, let go of a portion of company stock last Friday, a new filing shows.

According to a filing with the U.S. Securities and Exchange Commission this afternoon, Cue sold off 15,000 shares last week, worth just under $584 apiece on average.

The total sale was worth just less than $8.76 million.

Cue was promoted to senior vice president last September, a month after Tim Cook took the helm as CEO. As part of the promotion Cue oversaw iTunes, iCloud, iAd, and Apple's iBookstore. With an executive shuffle … Read more

Get alerted when the Nexus 4 is back in stock

The Nexus 4 release has been anything but smooth. Google saw the launch day stock ordered up in just a few minutes. Then last week Google released some more inventory in the Play Store here in the U.S. and was met with more issues. The 8GB Nexus 4 started out at a 4-to-5-week ship time and eventually maxed out at 8-9 weeks before going back out of stock. The 16GB model is still available, although you'll be waiting 5-6 weeks for it to ship.

Google has been sporadically releasing more stock in other countries, such as the U.K. and Germany. … Read more

Zynga shares down 6 percent after Facebook deal amendment

Zynga, the embattled social-gaming company, has watched its shares fall as investors get the first chance to react to a modified contract the company signed with Facebook.

According to documents filed with the Securities and Exchange Commission yesterday, the amended agreement between the companies no longer requires Zynga to display Facebook ads on its site, use Facebook Credits, or develop titles only for the social network's platform. In exchange, Zynga won't be allowed to promote its games inside other titles it has developed that people are playing on the social network.

The news was apparently bad news for … Read more

Apple's technologies chief sells off $20M in stock

Apple's technology chief Bob Mansfield has sold off another sizable chunk of his company stock.

According to a filing with the U.S. Securities and Exchange Commission this afternoon, Mansfield yesterday let go of 35,000 shares, worth just over $20.37 million.

Mansfield, who joined Apple when the company acquired Raycer Graphics in 1999, now has a little under 30,000 shares, a tally that does not include restricted stock units given out as bonuses.

A leaked company-wide e-mail from Cook last month noted that Mansfield would be staying on with Apple for another two years.

Mansfield, of … Read more

Did someone try to make a quick buck on ICOA this morning?

The phony press release sent out this morning on PRWeb detailing Google's acquisition of Wi-Fi provider ICOA for $400 million may have been an attempt to move the company's penny stock.

The company's stock started trading this morning at $0.0001 and steadily climbed throughout the morning to $0.0005, where it peaked around 11:30 a.m. ET. Once news trickled out that the press release was a hoax, the company's stock price sharply dropped to $0.0001 again. And it has bounced between that price and $0.0002 since then.

The fake press release … Read more

Marc Andreessen sells $54.1M in Facebook stock to pay Uncle Sam

If you think your tax bill was bad, try being Marc Andreessen.

The venture capitalist and Facebook board member disclosed today in an SEC filing that he sold more than 2.3 million shares of Facebook at prices ranging from $22.85 to $23.83 per share. All told, the sales added up to more than $54.1 million.

The selling is not a reflection of his belief in Facebook, however. Rather, he's using the money to pay taxes that he owes from his restricted stock units, which were recently converted into actual shares. Facebook said in September that … Read more

Facebook Gifts: Important but not about the money (just yet)

When Facebook added a slew of retail partners to its Gifts product last week -- complete with a splashy party at FAO Schwartz in New York -- some observers got excited about the social network's ongoing march into e-commerce, even claiming (incorrectly, I would argue) that this helped push the stock up more than 6 percent on Friday.

Not so fast.

Facebook's decision allowing users to buy and send physical gifts is a shrewd move that could potentially grow into a $1 billion business (more on that in a moment). For now, however, the play seems less about … Read more

Apple shares bounce back after tough few weeks

Apple's stock is up nearly 6 percent in midday trading today, marking a minor recovery for the stock, which has declined more than 20 percent since reaching an all-time high in September.

Shares of Apple were at $557.99, up $30.31, or 5.74 percent, in trading on Monday, coming close to where the stock sat 12 days ago, but far from the high of $705.10 two months ago. The stock hit a nine-month low on Friday, before closing up later in the day.

The recovery comes amid reports that Apple's seeing strong sales of its … Read more

Apple hardware chief sells off $10.7M in stock

Recently-appointed Apple hardware chief Dan Riccio sold off nearly $11 million in company stock this week.

The sales, which took place yesterday and today and were detailed in a regulatory filing, included 19,726 shares, with another 1,000 that are given away as a charitable donation. All told, the value of the shares that were sold tallied up to a little more than $10.73 million.

To put things in perspective, Riccio along Craig Federighi, Apple's senior vice president of Mac Software Engineering, were given 75,000 shares of company stock as part of promotions in September, worth … Read more

Zynga's outlook doesn't look pretty -- can Pincus save it?

Zynga has been in a downward spiral the past several months. It's been hit from all sides, from plummeting share prices to Anonymous cyberattacks to a mass exodus of its top employees.

Despite CEO Mark Pincus' public positive attitude and go-getter mentality about the future of the gaming company, an article by the Wall Street Journal today reports that he may be less enthusiastic behind the scenes. According to interviews with dozens of current and former Zynga employees and investors, Pincus is apparently grappling with how to save the company.

During a September meeting between Pincus and business coach … Read more