Market Overview

Facebook Unveils Social Search

Shares of Facebook (NASDAQ: FB) slipped on Tuesday after the company's CEO, Mark Zuckerberg, announced the company's new product.

As speculated by some, the new product would be a form of search, namely "graph search." Zuckerberg explictly stated that the search would be social in nature, not a web search tool like Google (NASDAQ: GOOG) or Microsoft's (NASDAQ: MSFT) Bing.

Facebook's new social search would be for discovery. Zuckerberg said it would take a precise query intended to get an answer, not just a set of links.

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