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JAN 15, 2013 - Mashable

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Yelp Stock Tanks 8% After Facebook Announces Graph Search

Facebook's big search announcement appears to have unnerved investors for at least one tech company: Yelp. Yelp's stock dropped by more than 8% on Tuesday to as low as $20.16 a share after Facebook announced the beta version of a smarter search engine called Graph Search. The new search tool lets Facebook users search for businesses based on their social graph, using queries like "sushi restaurants that my friends have been to in Los Angeles." While the feature is still in its early stages, it poses a potential threat to Yelp, a company whose bread and butter is serving as a resource to ... Read More

Tags: Yelp Stock Tanks 8% After Facebook Announces Graph Search,  Facebook Latest News