theEweekly Wrap: changing Search, crashing fortunes and Cook talks
Google gets knowledgeable
After unveiling the Google Knowledge Graph a few weeks ago, Google has introduced the new feature in the US. As a result of the design overhaul, the search engine giant has noticed an increase in activity on Google Search. In an interview with the Wall Street Journal, Google search executive Amit Signhal said: "Early indications are that people are interacting with it more, learning about more things ... and doing more [search] queries."
The Google Knowledge Graph is a panel that appears on the right hand side of Google search results, containing useful information based on the query made. It displays information from Wikipedia along with links to other relevant searches. At the minute, Google is still experimenting with the layout so that PPC ads are not affected and can exist in conjunction with the Knowledge panel.
Facebook loses £4bn
The Facebook IPO has caused Mark Zuckerberg to lose $4bn (£2.6bn). While the move was intended to drive more money into the social network, share prices have continued to tumble since its launch. The Facebook founder has seen stocks decline over the past weeks, falling from $38 (£24.81) to $28 (£18.28) - the first time shares have dropped to below $30 (£19.59).
This great drop in fortune has led to Zuckerberg falling from the top 40 billionaires list, a daily ranking measured by the Bloomberg Billionaires Index. Prior to the IPO, Zuckerberg's fortune stood at $18.95bn. However, the disastrous turning of the public offering has valued him closer to $14.75bn. To add fuel to the fire, Zuckerberg also faces a number of lawsuits from investors who have felt misled regarding Facebook's financial situation.
I am who I am
The new Apple chief executive Tim Cook has given his first live media interview, where he chose to discuss the late Steve Jobs and offer clues on upcoming Apple products. At the All Things Digital conference, Cook explained how his CEO style differs from the previous chief executive. Despite trying to skirt around the subject, Cook finally answered: "Steve was a visionary. My role was never to replace him. He was an original [...] I am who I am, and I'm focused on that, and being a great CEO of Apple."
Cook also decided that the conference would be an ideal time to drop some hints about a couple of widely speculated Apple products. While hinting that there was a level of interest in the Apple TV, he also suggested that there may be an upcoming collaboration between Facebook and iTunes.