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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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theEword - 21 hours ago

We’ve delivered over 20 free knowledge share events in 2014, we will round off our events calendar with our digital trends event at #Google

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theEword - 2 days ago

Read more about what Google and theEword are getting up to in Manchester next week! http://t.co/HjF13a09zo

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theEword - 2 days ago

We want you all to benefit from our event with Google! Tweet us your questions and get answers straight from Google themselves #AsktheEword

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theEword - 3 days ago

We are passionate about knowledge share and can’t wait to share snippets straight from Google with you on Monday http://t.co/HjF13a09zo

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theEword - 3 days ago

We're partnering with Google for an event looking at digital trends for 2015 next week. More info here: http://t.co/etwwXV1fwq

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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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Digital trends for 2015 on the agenda at our Google Partner ... Wednesday 26th of November, 2014by Dan Moores The Google North event will discuss the digital trends that will shape 2015, giving valuable insight into the ways in which businesses will be able to maximise the online presence.

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theEweekly Wrap: 28 Nov Friday 28th of November, 2014by Dan Moores This week: Twitter will scan for apps, Bing labels mobile-friendly sites, and Jennifer Aniston prank video goes viral.

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