Social gaming giant Zynga has filed for its much-anticipated initial public offering in the US. While the company has yet to put a price tag on the shares, as part of the process of calculating its registration fees with the Securities and Exchange Commission (SEC), Zynga has estimated it will raise $1bn from the sale.
Facebook has announced that it will shortly launch its App Center, a new portal for its users to discover and rate smartphone apps.. Due to be launched “in the coming weeks”, the App Center will showcase iOS, Android and HTML5 apps. Facebook will use indicators such user rating and engagement to select the apps it feels are of the highest quality.
As the industry awaits Facebook’s IPO, Telecoms.com takes a look at what the social networking site going public will mean for the telecoms industry. The social networking site revealed in its documents that it currently has 823m unique users per month, according to its December 2011 figures, and half of that figure – around 430m – are using the site from a mobile device, which is larger than the global Android install base.
East Africa’s biggest ever initial public offering (IPO) kicked off on Monday, as Kenyan operator Safaricom began trading on the Nairobi stock exchange. The government’s sale of a 25 per cent stake in the carrier has proved popular, with the listing more than 400 per cent oversubscribed. Local reports suggest around 800,000 domestic and foreign [...]