Tech Five: Zynga plunges off CEO switch
Zynga shares are plunging after a change at the top of the social games company's management team. Let's take a look at the technology stocks to watch Thursday:
Zynga. Shares of the Farmville maker sunk more than 9% in pre-market trading after the company announced founder Mark Pincus will return as CEO, replacing Don Mattrick, who served in top role for roughly two years. Pincus takes over effective immediately.
LinkedIn. The social network aimed at professionals revealed it would acquire online teaching service lynda.com for $1.5 billion. The deal is expected to close during the second quarter of 2015.
Google. YouTube will reportedly offer a paid subscription service in the next few months. According to The Verge, the benefits of a subscription include no ads and the ability to view videos offline.
Facebook. The social network introduced a version of its Messenger app for the web. Only an English version is available, but other languages will be added in the coming weeks.
Apple. The saga of Apple's growing streaming TV service continues. The Street reports Disney wants Apple to carry more of its channels. However, Apple wants to carry a smaller selection to keep the price of the service down, says the report.
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