Earlier today, we took a closer look at the possibilities surrounding the Facebook Inc (NASDAQ:FB) graph search feature.
While there is no way of knowing what the future holds, especially in the world of search, it is safe to say that this announcement by Facebook has shaken things up a bit. Not only for the company itself, but also for the rest of the internet. As you can imagine, many people are wondering if this will have a negative impact on Google’s current reign at the top of the search empire.
Here is a quick excerpt from our piece:
“People love to hate Facebook Inc (NASDAQ:FB), even when they're constantly checking its mini-feeds. After the dramatic unveiling of the social media empire's new search engine yesterday -- "Graph Search" -- Facebook's stock price went up 2%. Then, ever the fickle beast, the market dropped Facebook 0.5% below its pre-announcement price, all in that same day. Could Graph Search help Facebook eventually work its way back into the market's good graces? And should Google Inc (NASDAQ:GOOG) be worried?”
An article by MecuryNews.com explains that Facebook Inc (NASDAQ:FB) search may take some time to catch on. In other words, people should not expect an immediate change. This holds true both for the stock price as well as the potential to bite into Google’s market share.
Check out the opening to the article for a more in-depth view:
“Facebook’s new social-network search engine won glowing reviews Wednesday from some industry analysts and tech reviewers, while falling flat with those who were hoping for more.”
“The new tool, called "Graph Search," could forever transform the Facebook experience by offering "a never-ending path of quirky discovery" -- one that is designed to keep users hooked on the social-networking site, according to one reviewer, Jennifer Van Grove, on the widely read tech website CNet.”
“But if Facebook's vast stockpile of users' likes and recommendations poses a significant competitive threat to Google, the reigning search industry giant, experts say the new search tool won't cause major damage to Google's business in the near term. Facebook's stock fell slightly Wednesday, for the third day in a row, suggesting that investors don't feel the new feature is an immediate game-changer.”