Monday, November 19, 2012

FB,YHOO: Facebook (FB -1.2%) declares it's "not in...

2:20 PM Facebook (FB -1.2%) declares it's "not in talks to enter into a new search partnership," quashing speculation that a report from The Telegraph about partnership talks with Yahoo (YHOO) suggests a search deal could happen. Mark Zuckerberg has been clear about Facebook's interest in search, but less so about whether he wants to build a full-blown Google rival or just a "social" search platform relying heavily on Facebook's data. Shares are underperforming today after rocketing higher following Wednesday's lockup expiration. (Read the comments on this)

See more Market Currents on Tech, On the Move

Recent articles on FB:
Is It Safe To Buy Facebook? by Dana Blankenhorn


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