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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

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Google to start labelling mobile-friendly sites Wednesday 19th of November, 2014by Dan Moores Google has announced that it will add the label 'mobile-friendly' to sites that are easily navigable on smartphones, in an effort to further improve the search experience for mobile users.

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Google settles online abuse case Monday 24th of November, 2014by Martin Lindley Google has reached settlement with a businessman who was the victim of a sustained act of internet trolling. The search engine may have linked to over 3,600 pages of malicious content.

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theEword - 3 days ago

Thanks again to everyone who came to #LightAFire14 this week. Read all about the event in this blog post: http://t.co/ka7Nnu4rsx

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theEword - 5 days ago

Nothing like a nice cosy fire and a hot chocolate to warm up your Wednesday #LightAFire14

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theEweekly Wrap: 14 Nov Thursday 13th of November, 2014by Dan Moores This week: Instagram introduces typeahead search, Spotify says it does fight piracy, and Sainsbury's Xmas ad is a YouTube hit.

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theEweekly Wrap: 21 Nov Friday 21st of November, 2014by Martin Lindley This week: Google uses giant billboard, Facebook launches groups app, and Couple get TripAdvisor fine.

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The final Light a Fire of 2014 Friday 21st of November, 2014by Dan Moores For the fifth and final Light a Fire of 2014, Liane Grimshaw joined Dan Nolan in the cosy Library room at the Great John Street Hotel, sharing career anecdotes and wise advice.

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