Adobe Systems is expected to disclose plans for 750 job cuts, cutting its investment in enterprise software and a halt to mobile Flash browser development. The company reportedly sent an email to its developer partners yesterday announcing that the company “will no longer adapt Flash Player for mobile devices to new browser, OS version or device configurations” Adobe’s stock price plunged by 10% to $27.21 at 9:30 a.m. EST today. Some analysts judge the move away from Flash on mobile as a vindication of Steve Jobs’ criticism of the technology.”]
Source: https://www.csoonline.com/article/2130066/adobe-said-ready-to-drop-mobile-flash.html