RSS LinkedIn Google Plus

Call us: 0800 014 9884

theEweekly Wrap: stock prices, search issues and secret Apple offices

Facebook highs and lows Facebook founder Mark Zuckerberg has had a busy week, going from soaring highs to colossal lows over the space of a few days. On Friday, 18 May 2012, the social network finally released its widely anticipated public shares. Zuckerberg then followed the momentous occasion by marrying his girlfriend of nine years Priscilla Chan the following day.

However, the honeymoon quickly ended for Zuckerberg as the Facebook IPO came in for heavy criticism, and stock prices tumbled upon his return. A lawsuit filed at a Manhattan Court claims that the company has misled its investors by concealing “a severe and pronounced reduction” in its financial performance. Meanwhile, the public stock launch stumbled at the first hurdle due to technical faults on the Nasdaq stock exchange. The trouble doesn’t appear to be over, as the stock price has significantly fallen from $38 (£24.21) to $31.78 (£20.24), leaving Facebook £4 billion worse off since the IPO launch.

An antitrust issue Google has “a matter of weeks” to remedy its antitrust issues, according to a statement made by Joaquin Almunia, vice president for competition policy at the European Commission. The commission first launched its Google antitrust investigation in November 2010, alleging that the search engine giant was abusing its dominant market position.

Within his statement, Almunia said: “Our investigation has led us to identify four concerns where Google business practices may be considered as abuses of dominance.” This includes Google displaying links to its search services differently to its competitors, taking content for its own products, conducting exclusive advertising deals and limiting data transfer from AdWords to other services. A Google spokesperson has since responded, saying: “We disagree with the conclusions but we’re happy to discuss any concerns they might have.”

Secret-Ive It has been revealed that the office of Sir Jonathan Ive, chief designer at Apple, is off limits to nearly every member of the company. In an attempt to keep prototype Apple devices under wraps, Ive works in a secluded area of the Cupertino campus. As his office contains some of Apple’s best kept secrets, dimmed windows are used to prevent prying eyes from peeping in, while only a few trusted staff members can step foot into the work space.

Those trailblazing designs recently resulted in Sir Jonathan Ive being knighted at a formal ceremony at Buckingham Palace. Ive has helped to create some of Apple’s most iconic devices including the iPod and iPhone, and received his award for services to design and enterprise. When the New Year Honours List was announced in December 2011, Sir Jonathan told the BBC that he was “both humbled and sincerely grateful”.

Written by lauren_knowles_swapLauren Knowles

Microsoft releases quick fire messaging app: Skype Qik Wednesday 15th of October, 2014by Martin Lindley Microsoft launches Skype Qik, a new instant messaging service which allows users to send video clips to their friends and family.

More on this story »
james_riches_swap

Google confirms first Penguin update for over a year Monday 20th of October, 2014by James Riches Google has confirmed that the Penguin algorithm was updated over the weekend. Site owners now face an anxious wait to see if they have been affected, either positively or negatively.

More on this story »

Google acquires Firebase Wednesday 22nd of October, 2014by Dan Moores Google has acquired Firebase, a cloud service company that allows developers to build web and mobile apps quickly and easily, as well as store and sync data in realtime.

More on this story »
theEword - 9 hours ago

Still lots of cake left if anyone would like to come for an afternoon brew and a slice of cake! :-)

Reply Retweet Favourite
theEword - 14 hours ago

Join us today and help us raise money for an awesome charity! :-) http://t.co/khTihOnPcN

Reply Retweet Favourite

theEweekly Wrap: 10 Oct Friday 10th of October, 2014by Martin Lindley This week: Facebook gets hyperlocal ads, Microsoft CEO has gender pay trouble, and comedy club starts pay per laugh system.

More on this story »

theEweekly Wrap: 17 Oct Friday 17th of October, 2014by Dan Moores theEweekly Wrap: Google readies Android 5.0, HBO plans streaming service, and U2 says sorry

More on this story »

theEweekly Wrap: 24 Oct Friday 24th of October, 2014by Martin Lindley This week: Mediative researches search behaviour, Microsoft drops Nokia brand, and Tinder gets premium service.

More on this story »

Who loves theEword

Who loves theEword Who loves theEword