Facebook's fourth-quarter financial results surpassed Wall Street's expectations, but its stock is dipping lower in extended trading. The social networking company earned $64 million, or 3 cents per share, in the October-December period.
Some think Facebook's new graph search might help the company eventually steal search advertising dollars from Google. But in a damning assessment, entrepreneur and engineer Steve Cheney argues that Graph Search will be basically useless. Here's why.
Facebook's mystery "press event" on Tuesday could reveal a more robust search feature that would intensify the competition between the social networking giant and its rival Google. Facebook is holding the event at 10 a.m. at its Menlo Park, Calif., headquarters.