theEweekly Wrap: shares, charities, hacks and heroes
|Social sharing||Just five days after US investment firm Goldman Sachs began offering their clients shares in Facebook, the whole lot sold out yesterday for a total of $1.5 billion (£965 million). Further details of the deal have also emerged, such as the £1.3 million minimum investment – although this is waived for Goldman Sachs partners – and the ban on reselling until 2013.
However, Facebook is not the only social network to become hot Wall Street property. Reuters reported that LinkedIn, the professional network of over 85 million members, plans to go public this year. Financial underwriters could include Morgan Stanley, Bank of America and JPMorgan, after bankers pitched to the network in November 2010.
|Donations denied||The UK minister for civil society, Nick Hurd, has thrown his weight behind charities condemning Apple for not allowing donations to be made through apps. The minister is to write to the technology giant asking for a full explanation of why this is the case, supporting a 10,000-signature online petition to the same effect.
Apple was also criticised this week when iPhone alarm clocks were incapacitated by the changing calendar on 1 January 2011. The alarm glitch first came to Apple’s attention when Daylight Saving Time ended on 1 November 2010, making thousands of users an hour late for work.
|PS3 hacked||The Sony Playstation 3 was hacked this week, when the master key was published online by US hacker George Hotz, who previously hacked the iPhone. This will allow any software, including pirated material, to be played on the machine. The technique was developed by hacking community fail0verflow, who claim they did it to enable the installation of other Operating Systems and user-created content, known as Homebrew.
It’s not all bad news for the gaming industry however, as the Association for UK Interactive Entertainment revealed it made £2.9 billion in 2010. This included 13.8 million sales of PS3s, while Microsoft sold 18.2 million Xbox consoles. Unsurprisingly, the biggest-selling game of the year was Call of Duty: Black Ops.
|US hails Twitter hero||Major US publications including Time, Washington Post and the New York Times have lauded the mayor of Newark for his use of Twitter at Christmas. As residents awoke to two feet of snow, Cory Booker took to Twitter and began his mission to help out those who needed it. Directing clean-up teams and snow ploughs where they were needed, Booker himself took to the streets and dug out cars. He even responded to the tweets of a woman in labour, and stayed with her until the ambulance arrived.
Twitter itself has praised the mayor, saying his tweets “demonstrated to his community tangible examples of individual engagement that may have even inspired others to act in kind”. Meanwhile, the New York City mayor tweeted a hotline people could call for help.