As we all know, Facebook shares haven’t done so well since their IPO. The problems with the social networking site’s stock seems to have been been there from the very beginnings with some investors questioning the potential of this company to generate additional revenue streams.
Two days ago, Mark Zuckerberg, Facebook’s Chief Executive Officer made a public appearance and his comments did spur some interest in his company with Facebook shares trading 7.7% higher yesterday. The comments were made during a one one one interview that he had with Michel Arrington at the TechCrunch Disrupt event. The key highlight of this interview was that Zuckerberg eluded to the fact that Facebook would like to get into the search business. Currently, without any real effort, Facebook has 1 billion queries every 24 hours. The Facebook CEO went on to say that his company is in a very good position to know what would be the best search responses for their customer and that they have a team looking into this field right now. Down the road, Zuckerberg did confirm that they will “do it” which should obviously strike some concerns into the hearts of the other search engines out there.
When given a choice between Facebook and one of the current search engines such as Google or Bing, do you believe Facebook has the potential to give you high quality personalized search results based upon the information that they keep on its users?