SevenCubed - 4:38 pm on Sep 12, 2012 (gmt 0)
Good grief. In anticipation of a thread like this popping up this morning I went looking for a (relatively) impartial perspective of the interview from sources other than facebook PR or tech related websites.
I found a sensible story at [thestreet.com...] -- In fact the author of that story does have a long position in facebook shares (mandatory disclosure for the website's reporters) yet he doesn't look at facebook's potential for search in a favourable manner, nor do other analysts he quoted.
Yet again though the blind on the street just don't really have a clue about 2 very basic forces that are going to impede facebook's ability to generate revenue -- User Intention and Ad Blindness. It doesn't matter if the whole world ends up on facebook, those 2 factors will not change. I took a peek and sure enough facebook's shares are on the rise today based purely on the fluff generated by this interview.
But for argument's sake lets suppose they do get into search -- will it only be accessible to those logged in behind the wall? That limits potential scope doesn't it?
I ask myself why the emphasis would have been placed on search which is more of a long-term prospect rather than telling people what they are doing in mobile, which from my perspective offers more short term potential. The impression I get is that investors at arm's length see search as a cash cow because of google's success in revenue as a result of search. So I think they chose this topic to focus on hoping that it would subtly imply "there is cash on the way" to end the share price hemorrhage -- so far "the morning after the night before" appears to have been effective based on climbing share price. Such is le peak and la vallee ride of short term speculation influenced by PR spinning.
By the way the "good grief" reference isn't to engine's OP but to the PR spinning by facebook.