Today’s top stories: The kids‘ online game Panfu has signed up 10,000 users two weeks after launching; the e-learning platform Cobocards has posted a profit; and Facebook has opted not to risk an IPO before 2012.
Gaming site Panfu launches in Arabic
Panfu, the online gaming world for kids, has had a promising launch in the Arab world. The company said it had 10,000 registered users just two weeks after going live at the panfu.ae domain. Max and Ella, two of the main characters, have been renamed Houssam and Leila and their have been concessions to Islamic culture. Moderators supervise online exchanges to ensure that the children do not flirt or discuss Islamic law.
e-learning Cobocards shows slim profit
The e-learning platform Cobocards, which lets users create flash cards as an aid to study, has revealed membership figures and posted a slim profit. In June, 22,000 registered users took advantage of the service, together creating about 1.6 million virtual cards. Since launching five months ago, the company has turned a profit of just over €3,700.
Facebook postpones IPO
The world’s largest online social network is to delay a stock market float until 2012, according to Bloomberg. CEO Mark Zuckerberg is said to be keen to grow Facebook’s membership even further and to maximise revenues before going ahead with the initial public offering. The IPO had been expected to take place in 2011. Valuations of Facebook are tricky, but the most recent credible estimate values the company at $24.9bn.