Google (GOOG) Lower as Facebook (FB) May Become Formidable Competitor in Search
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Google, Inc. (Nasdaq: GOOG) shares are ticking lower in after-hours trading Tuesday following Facebook (Nasdaq: FB) CEO Mark Zuckerberg conducting an interview earlier with TechCrunch.
What's the deal? Zuckerberg said Facebook runs about 1 billion search queries per day. Without even trying.
He noted that search was going in an "interesting direction."
Given that he also noted Facebook's user base is about 950 million globally, the potential room for growth is immense and Facebook could become a formidable player in the Internet search segment.
Shares of Google are down about 0.5 percent in the late session.
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What's the deal? Zuckerberg said Facebook runs about 1 billion search queries per day. Without even trying.
He noted that search was going in an "interesting direction."
Given that he also noted Facebook's user base is about 950 million globally, the potential room for growth is immense and Facebook could become a formidable player in the Internet search segment.
Shares of Google are down about 0.5 percent in the late session.
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