Tech 2.0 for Tuesday, February 18, 2014

Contributor: Matt Davenport
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Updated: 2/18 3:06 pm


The maker of the blockbuster mobile game "Candy Crush Saga" will attempt to raise as much as $500 million in an initial public offering. King Digital Entertainment PLC, which also makes the game "Pet Rescue Saga," did not disclose how many shares are expected in the IPO or the projected price range. In a regulatory filing Tuesday, King said the IPO will include shares offered by the company as well as those offered by existing stockholders. The Irish company plans to use proceeds from the sale for working capital and other general corporate purposes, which may include acquisitions. It won't receive any proceeds from shares offered by the selling stockholders. The company plans to list the stock on the New York Stock Exchange under the "KING" ticker symbol.

HTC is offering to replace cracked phone screens for six months, saying it wants to address a leading consumer frustration. The offer applies only to HTC One phones bought in the U.S. starting Tuesday. HTC Corp. will replace the screen only once. Free shipping is available, but users will be without a phone for up to two weeks. For $29, HTC will ship a replacement phone overnight. The customer must return the damaged one. There's no evidence that HTC screens are more prone to cracking than others. Rather, the offer may be a way for HTC to compete with larger rivals Apple and Samsung. While the HTC One has received favorable reviews, HTC's share of the global smartphone market is less than 5 percent, according to research firm Gartner.

Here’s a look at some numbers compiled by the International Olympic Committee that illustrates the digital engagement of fans at the Sochi Olympics:

— 17 million: Mentions of the Sochi Games on VKontakte — the Russian equivalent to Facebook — during the first week of competition.

— 2.7 million: Fans of the IOC's Olympic page on VKontakte, which makes it the most popular official community page in the world among Russian-speaking fans.

— 2 million: Number of fans the IOC added on its Facebook page as the Sochi Games approached, with 1 million added in the first seven days of competition.

— 849,752 : Number of new followers the IOC has added on its Sina Weibo account, the Chinese equivalent to Twitter, since the start of the games.

— 100,000: Number of new followers of the IOC's Twitter account since the start of the games.

— 40,000: Updates from Olympic athletes on the Olympic Athletes' Hub (http://hub.olympic.org ), a digital gathering player were 1,500 Sochi athletes and 6,000 from past games can post photos and comments to interact with fans.

— 10,000: Number of tweets per minute sent out at the height of the opening ceremony at Fisht Olympic Stadium that commented on the festivities.

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