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Tag: Mark Zuckerberg (1-2 of 2)

Facebook announces Graph Search

Facebook CEO Mark Zuckerberg announced the social network’s beta tool — Graph Search — is available today in limited release. It’s a bigger search bar, within Facebook, that allows members to type in natural language queries and access people, photos, places, and interests embedded within 1 trillion connections. For example, users could search who among their friends have recently bought shoes or eaten dinner in a certain city — the theory being that Graph Search could disrupt the business models of platforms like Yelp, Foursquare, or Google Local.

For now, Graph Search isn’t capable of tracking Facebook posts or Open Graph actions like song listens, which means that the few hundred thousand people who have it will be able to only partially use it. Already, analysts and experts are questioning why Facebook is treating this announcement like a big deal. Predicting that Graph Search could become a major threat to Google and Amazon, for example, seems premature. More skepticism over at CNET.

Graph Search is in limited beta for now; you can sign up to get on the list here.

Facebook acquires Instagram for $1 billion

Facebook is acquiring popular photo-sharing app Instagram for approximately $1 billion in a combination of cash and shares, the social network announced today. The sale is expected to close later this quarter.

CEO Mark Zuckerberg released a statement on the deal on his Facebook page:

“For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.”

Zuckerberg also made it clear that Facebook plans to play to the photo app’s strengths, saying that Facebook is “committed to building and growing Instagram independently rather than just trying to integrate everything into Facebook.”

The popular app allows users to alter photos taken on their cell phones with special effects, and then share them. Kevin Systrom, the CEO of the company, also issued a statement on Instagram’s site reaffirming that the app will maintain its identity. “The Instagram app will still be the same one you know and love,” he said. “We’ll be working with Facebook to evolve Instagram and build the network. We’ll continue to add new features to the product and find new ways to create a better mobile photos experience.”

Read more:
Mark Zuckerberg’s big Facebook announcement: What you need to know from his keynote speech
Mark Zuckerberg named TIME’s Person of the Year

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