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Sterne Agee senior research analyst Arvind Bhatia weighs in on what he thinks Facebook will announce today, plus if the social network will live up to...
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FaceBook shares up over 1% today to 31 bucks in change right now just an hour before a mystery announcement on a new product.
Speculation is the company Mandela Smart -- Maybe a search and -- or something else.
Joining us now stern AEC mural is senior research analyst Marvin body -- thanks for being with us so what's your -- My pleasure.
But it is my head of the house.
That going to be.
Yeah I think it's going to be a search engine type product.
A FaceBook phone now as we talked about in the media and you know it's possible there's an operating system that.
FaceBook you know has developed that my bet is that does search is a priority for them and Mark Zuckerberg has set so.
And that they are likely to talk about does something along those lines.
And in a -- makes a lot of sense straightening that they get a billion queries today.
-- -- -- and think about how relevant your search could be.
If it started on FaceBook and they could combine results from your social network.
With results from the wider -- they could crawl that.
Combine that with so what's your friends are saying.
And make it much more convenient and relevant search on any topic you -- -- would subsidize and he would generate a lot for engagement.
Getting in some ways I think that FaceBook could be by far the biggest threat to Google because why cycle -- and search on the web millions of web sites -- I can search among.
300 friends -- trust and asked them for recommendations.
But if FaceBook goes into search today aren't they basically.
Making Google enemy number one and isn't search not Facebook's core -- it's not what they're out.
It's not but I think they eventually have to get into that business whether it's today's announcement or you know maybe later.
I think -- it's for them it's not just the traditional search -- search is shifting I mean people one more relevant results.
And I think what does that into -- phase that is gonna go about doing it is going to be different than Google it's it might be.
Additive it might be you know in some ways complimentary but I think that eventually they have to take on -- -- in the search business one -- the other.
Yellow Google already has over 90% of all search in the mobile space and you -- think that FaceBook is going to be targeting especially mobile since ever -- FaceBook users.
Are not getting to the site through their -- phones and their ipads.
But if Google has 90% of mobile search now.
What percentage do you think Google will happen a year from now if FaceBook does move big and a search.
But again I think motor -- -- -- speculating market shares this early on not not knowing.
-- -- even gonna hear an announcement on search today but suffice it to say that you know somebody who has 90% share.
Has generally only one way to go off.
And so I think from faced -- standpoint -- billion users that they attract and a monthly bases worldwide.
And and growing op provides them a very strong platform to get into into search.
And again improving -- and on the platform and ultimately that'll lead to better advertising dollars so to me it's a very natural extension of what they already do.
Okay Woolsey will be watching thanks so much for being with us stern Aggies.
Are -- -- -- out.
