Zynga IPO odds lengthen as profits fall
Zynga reduced the odds of its IPO on Wednesday as it revealed worsening financial numbers and complained of market volatility.
The social gaming company is earning less but is still worth more, according to an amended IPO filing .
Adobe launches high-performance Flash 11
Adobe has announced a new high-performance version of its Flash software, which it says will differentiate it further from the capabilities of HTML5 – the name for web technologies that are increasingly being used in its stead by developers.
Apple has notably rejected Flash for its iPhone and iPad, citing performance issues, but Adobe said the new Flash Player 11 would render games a thousand times faster than the current 10.3 release.
Tech news from around the web:
Facebook is expected to unveil a revamp of its ‘Like’ button at next week’s developers’ conference, according to TechCrunch. Sources have told the blog that the social network will add ‘Read’, ‘Listened’, ‘Watched’, and ‘Want’ buttons. These buttons are designed to fine-tune profile information and could replace or augment the ‘Like’ button.
Tech news from around the web:
Club Penguin, the Disney-owned social network for children, is to make its debut on mobile devices with the release of Puffle Launch for iOS, Mashable reports. Puffle Launch for iOS is a replica of an existing Club Penguin web game which is played by 150,000 children each day.
Tech news from around the web:
Amazon is in discussions with book publishers about a Netflix-style service for digital books, in which customers would pay an annual fee to access a library of content, the Wall Street Journal reports. Amazon would offer book publishers a fee for participating in the service, sources told the WSJ.
Zynga cagey on IPOville
Zynga, which reportedly prepared the fastest IPO filing in history, is being a little more circumspect about its actual debut on a fragile stock market.
The social gaming company has never given any inkling of a date for its public share issue, but the New York Post reported on Sunday that it was more likely to be November now, rather than the conventional wisdom of a September IPO, due to “Wall Street turmoil”.
Tech news from around the web:
Apple is to phase out access to the unique device identifier, or UDID, on devices such as iPhones and iPads in the next update to its iOS mobile software, according to TechCrunch. The UDID is used by mobile ad and game networks or any app that needs to identify its users. If it is scrapped, companies would have to create their own unique identifiers to keep track of their users. This, TechCrunch warns, would mean companies may well have to get rid of all of their historical user data and start from scratch.
Tech news from around the web:
Research in Motion is in talks with the four largest record companies about launching a new music service to run on top of the company’s instant message service, BlackBerry Messenger, according to CNET. At the moment there are very few details as to how the music service would work within BBM but it is expected to be launched within the next few weeks, sources told CNET.
“Can I play a game on it?” Any parent with a smartphone or tablet has heard his or her child ask this. With all that mobile devices are capable of doing, smartphones and tablets are also driving the rise in mobile gaming.
This week, new research revealed growing revenue in mobile gaming. The shift in consumer behaviour has had a negative impact on console maker Nintendo, which cut its profit outlook for the year.
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