Facebook unveils a better search tool
The announcement wasn't flashy, and the stock price didn't respond much. But the social network is taking an important step to building a solid infrastructure.
That problem is at the heart of Facebook's highly anticipated mystery announcement Tuesday. The company didn't announce a new phone or a new gaming platform -- and the stock price barely moved as a result. Instead, it announced something called "Graph Search" to let people take a more active role in the Facebook experience.
The way it works, according to early reports, is this: You can do a Facebook search for people, photos, places and interests. Facebook demonstrated a search for people who live in Palo Alto, Calif., and like the television show "Game of Thrones." You could also search for "college friends from San Francisco."
Facebook clearly wanted to stress that this was not the equivalent of a Web search. Google (GOOG) has little need to worry, which is perhaps one reason why Google shares saw a small spike as the announcement was being made. Instead, this is only a search within Facebook's own content.
The Graph Search isn't a flashy announcement. But it's an important part of Facebook's infrastructure, a building block upon which the company can start building more services and features -- and sell more advertising.
Graph Search and the resulting map function that users build "can be the basis for building a lot of different kinds of services for connecting," CEO Mark Zuckerberg said at Tuesday's event.
Will it lead to privacy issues? Undoubtedly. But Facebook says it's merely collecting information that users already make public in their profiles. If you said you like "Game of Thrones," and you didn't make that information private, you could likely show up in a Graph Search. It's a good reminder to always stay on top of your Facebook privacy settings.
More on Money Now
- Why Americans are buying more TVs
- Did GM just unveil the best sports car ever?
- More bad news for JC Penney
Facebook is so useless that some sites require it to get people to respond to their silly articles. If it wasn't for them forcing it upon the general public, Facebook would be long gone.
Do you notice that Facebook and Obama are not in this site's dictionary???
"Spell check detected 4 mistake(s)"
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
A basic income policy can actually ensure a decent standard of living for everyone.
- People left $500,000 in coins at airports last year
- How your driving can affect your credit
- Obamacare projected to cost hundreds of billions less
- November jobs report: Winners and losers
- Student loan debt climbs for 5th year in a row
- Wall Street finally notices Bitcoin
- Part-time workers hurt by on-call system
- 5 myths about late payments and your FICO scores
- Auto loan interest rates hit record low
[BRIEFING.COM] A solid November employment report translated into a solid day of gains for the major averages. While there was some talk that the encouraging job growth raised the odds of the Fed announcing a tapering at its December meeting, the message of the markets today was either that it didn't believe there would be a tapering this month or that it doesn't fear a tapering this month.
It was just one day, yet there was ample meaning wrapped up in the connection that the 10-yr ... More
More Market News
The Fed may start tapering in just a few months. Here are a few of the likely winners and losers.