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Tag Archives: Finances

4chan is going broke, may need drastic changes

Message board 4chan is in serious financial trouble and unless some drastic changes can turn the ship around, much of the site may need to close. The current owner told users on Sunday that the site may need to implement pop-up adverts, a cap on upload sizes and potentially even close …

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Sony sells off its Square Enix shares

Sony has just sold off the 9.5 million share stake it had in Publisher, Square Enix for $47 million despite its stock in the company being worth upwards of $150 million. The 9,520,000 shares were passed on to a company known as SMBC Nikko Securities, which specialises in corporate finance. Square Enix …

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Zynga income is up, but user numbers continue to fall

The first financial reports for Zynga’s 2013 financial year are in and while income is on the rise, the number of people actually playing the games made by the Facebook publisher have continued to fall, with a 21 per cent drop off in active players since the same time in …

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RIAA funding continues to fall, making legal cuts

Copyright lobby group the RIAA (Recording Industry Association of America) has just released its 2010-2011 tax report and its revenue streams are not looking strong. Membership dues from music labels have dropped considerably, leaving the organisations with less than $30 million in revenue – almost half that of the year …

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