Richard Branson

Tech news from around the web:

British billionaire Sir Richard Branson has made a ‘multimillion-dollar’ investment in mobile payment start-up company Square, a spokesperson for the company has told Reuters. The move  follows a $100m investment led by venture capital firm Kleiner Perkins Caufield & Byers and an injection by credit card company Visa.

Adobe Systems is said to be scrapping its move to bring its Flash Player software to smartphones and tablets, CNET reports. The Flash browser plug-in is widely used on personal computers but has so far only reached a fraction of the mobile phone market.