Code Red Google billionaire Apple agreement will be key in the antitrust lawsuit just filed by the US: For Google, losing revenue from search ads from iPhones would be a "code red" situation.
So it appears in the antitrust lawsuit filed by the U.S. Department of Justice against the search engine giant, which you can check here. This lawsuit could open the door to new complaints by the US government against other large technology companies such as Amazon, Facebook and Apple.
Precisely the relationship between Google and the latter, Apple, is one of the keys that are collected in the letter that has been presented by the US Department of Justice. It details how the two companies maintain a close collaboration so that devices such as iPhone or iPad use the Google search engine by default.
Airbnb joins forces with Apple's iconic former Chief Design Officer, Jony Ive, to design the company's "next generation of products and services" under this agreement, Google pays Apple billions of dollars. The Wall Street Journal makes an estimate of about 11.000 million dollars —more than 9.000 million euros -. It is almost a third of the search giant's turnover.
Google, in return, receives all the revenue generated by the ads displayed by searches on Apple devices.
Code Red Google billionaire Apple agreement
This payment from Google could suppose, in fact, between 15% and 20% of the annual profits of the Apple firm, also exposes the Wall Street Journal.
In the complaint, the administration details that the CEOs of Apple and Google met in 2018 to determine how they could work together to get the most out of this collaboration. Both multinationals now prefer not to recall that meeting in their statements to the media, which was then a paradigm shift.
The apparent collaborative relationship between the two firms is very different from the disputes that starred the late Steve Jobs with the former CEO of Google, Eric Schmidt, when the latter announced that it was entering the market of software for mobile phones with the Android operating system.
Although Apple could be badly affected in case the case ends up losing Google, spokesmen for both companies denied the major at the behest of The Wall Street Journal.
"The lawsuit does nothing to help consumers," says Kent Walker, Google's Chief legal Officer. "On the contrary, it will artificially boost poorer-quality search alternatives, drive up phone prices and make it harder for people to access the search services they want to use."
About Apple, Walker assures that his agreement with those of Cupertino is "no different" from any other agreement with any other company.
Code Red Google billionaire Apple agreement
Airbnb joins forces with iconic former Apple chief designer Jony Ive to design the company's "next generation of products and services"
Airbnb has partnered with Jony Ive, Apple's iconic former design chief. This has been confirmed by the company'S CEO, Brian Chesky, in an article published on his blog last Wednesday.
"Jony and his LoveFrom partners will be participating in a special collaboration with me and the Airbnb team," Chesky says. "We have made the decision to work together in a multi-year relationship to design the next generation of Airbnb products and services."
Chesky has also said that Ive will help Airbnb " continue to develop our in-house design team."
Ive left Apple in June 2019 to boost his own company, LoveFrom, after leading the technology's design team since 1996, leading it through the launch of iconic products such as the iMac in 1998, the iPhone in 2017 or the Apple Watch in 2014.
Chesky and Joe Gebbia, two of Airbnb's three co-founders, went to the Rhode Island School of design together before launching the resort apartment rental platform, and have repeatedly defended how they approached its creation through design.
Airbnb has been rocked by the pandemic this year, after travel declined, causing Chesky to lay off 25% of the firm's workforce —about 1,900 workers. Investors have detailed how the valuation of the firm has fallen more than 40%, from 31,000 million dollars to 18,000 million —more than 15,000 million euros—.
But experts predict that Airbnb could be well positioned to recover after the pandemic. They abound in that their business model has already been tested, dominates their market and, unlike the hotel chains, with which they compete, can adapt quickly to changing demand.
After months of uncertainty about its plans to go public in 2020, Airbnb submitted the documents for an initial public offering last August. The company expects to raise about 3,000 million dollars, which would make it one of the most important IPO of the year, as detailed by Reuters at the beginning of the month.