Posts Tagged ‘Relic Entertainment’

What Happened This Week – Capitalism, Ho!

Yes, I’m late to the party on Recettear.  But it’s never too late to make money through overpriced goods!  Anyway, hello everybody!  We’re back from break and ready to tackle the news, and what a couple weeks it has been:

  • Facebook files for its $5 billion IPO, appearing every bit a giant of the tech sector until people start asking how much one would really pay for social networking.
  • In the process we learn that Zynga makes up about 12% of Facebook’s earnings.  As a reminder, Zynga is currently looking for ways to survive without Facebook.  Happy filing, Mr. Zuckerberg!
  • Kazuo Hirai formally assumes his role as President and CEO of Sony, to which his exact words are “Holy s***, now what?”  Truer words have rarely been spoken.
  • Double Fine’s Kickstarter project succeeds far beyond expectations, suggesting a viable path for small-to-midsize developers outside the usual publisher song and dance.  I wouldn’t hold my breath for a rash of publicly-funded games, however.
  • Amazon plans to open a retail store in Seattle, apparently in a bid to corner the market on physical depictions of irony.
  • THQ faces a slew of financial difficulties, from shedding 175 jobs to a potential delisting on the Nasdaq.  They should’ve rolled the North Korean taco truck around some more for Homefront.
  • Square Enix posts a decent profit for 2011, a man named William Fourkiller (OK state rep) wants to tax violent games, Ubisoft’s always-on DRM schemes backfire, and more!

 
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