Shelly Palmer

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.