Facebook Inc. (FB) Gets Step Closer to Competitive Search

Facebook Inc.Facebook Inc. (NASDAQ:FB) CEO Mark Zuckerberg gave very strong statements about search capabilities on Facebook, saying that the massive user base can give the social-networking site an opportunity to provide results in search that can be very practical and useful. As Zuckerberg essentially put out the notice that Facebook is working on search to compete with Google Inc. (NASDAQ:GOG), Yahoo! Inc. (NASDAQ:YHOO) and Bing from Microsoft Corporation (NASDAQ:MSFT), it seems to have already made a small but significant step forward.

Late last week Facebook inc. (NASDAQ:FB) reported that it had added a small feature to its search tool, which is a personal search history, which allows users to review and/or delete their past searches.

This new step forward in developing a search platform to directly compete with search juggernaut Google Inc. (NASDAQ:GOOG) could be the start to developing an effective search alternative to Google, as the near-infinite store of social information about its 900-million-plus users helps Facebook Inc. (NASDAQ:FB) establish a fertile ground for answering pretty specific questions that searchers may want. The idea of very specific, personalized search is something that Zuckerberg alluded to when he spoke at the TechCrunch Disrupt conference last month:

“Search engines are really evolving … It’s not just like ‘I’ll type in something and show me some relevant stuff.’ It’s, ‘I have a specific question, answer this question for me.’ When you look at it from that perspective, Facebook is pretty uniquely positioned to answer the questions people have: ‘What sushi restaurants have my friends gone to in New York in the past six months and liked?’ ‘Which of my friends and friends of friends work at this company I’m interested in … so I can talk to them about what it’s like to work there?’”

Facebook Inc. (NASDAQ:FB) already sees the value of its immense social-information stores, and Google Inc. (NASDAQ:GOOG) has recognized the evolution of search to more specificity by establishing its own social network, Google+. Google got search first and is building the specific data later, while Facebook has the data and is looking to build search from that. Google has a head start, but can Facebook Inc. (NASDAQ:FB) provide a competitive platform? Investors with long positions in Facebook – like hedge-fund manager Chase Coleman of Tiger Global Management LLC – will certainly be looking to see which way is more effective.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!