Facebook today unveiled a new search feature for its flagship product, facebook.com, that creates new competition for online information providers ranging from search engines to restaurant reviews. Here’s a look at how various technology stocks reacted to the announcement, which began at 1 p.m. ET.
Facebook’s stock was volatile during the event, falling almost 2%.
Google rose as Facebook began its press conference but fell back to pre-announcement levels by the end.
Yelp, already down more than 2% before Facebook’s even, fell another 4 percentage-points during the announcement. The community-based business review site closed the day down 6.19%.
More from Quartz
- With Graph Search, Facebook attempts to turn all other social networks into mere features
- How a leveraged buyout could actually turn Dell into the tech success story of the decade
- For US bank regulators, JP Morgan's London whale will be the one who got away
- Arts & Entertainment
- search engines