VentureBeat recently reached out to Zedge COO Jonathan Reich for commentary on the IPOS of hit mobile developer King. Reich is quoted, saying,
“The valuation is troubling considering that most of the revenues are derived from Candy Crush and King has experienced a decline in monthly unique players,” Jonathan Reich, chief operating officer of mobile personalization app Zedge, told GamesBeat. “This does not bode well for the future valuation and may point to sustainability issues. It would be healthy to see growth across a broad portfolio of titles, which is one of the key risks in this IPO.”
Read the whole article at VentureBeat.