Not like a chair

Here’s how technology stocks reacted to Facebook’s Graph Search event

January 15, 2013
January 15, 2013

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%.

Facebook's share price during search graph announcement

Google rose as Facebook began its press conference but fell back to pre-announcement levels by the end.

Google's share price during Facebook's search graph announcement

Yelp, already down more than 2% before Facebook’s event, fell another 4 percentage-points during the announcement. The community-based business review site closed the day down 6.19%.

Yelp's share price during Facebook's search graph announcement

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