Shelly Palmer Radio Report – July 4, 2011

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Online videogame maker Zynga has filed for its initial public offering. The creator of the super-popular Facebook game FarmVille expects to be valued as high as $20 billion. Unlike many recent tech IPOs, Zynga is actually making profit, taking in a net income of $91 million last year. In other news, TechCrunch reports that Facebook soon plans on releasing a video chat product that works in your browser. By partnering with Skype, Facebook’s online chat will offer a video option and include a desktop client as well. The partnership could bring millions of new users to Skype. And finally, a new report shows that Apple’s iPad now accounts for 1% of global web browsing. Mobile web browsing has skyrocketed and Apple’s iPad and iPhone account for 60% of it. With 97% of all tablet traffic on the web, the iPad has yet to run into even moderate competition.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.

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