11/28/2011

Facebook isn't planning to challenge Google's dominance of the search market, says Citigroup analyst Mark Mahaney. Based on conversations with Facebook managers, Mahaney says that the social network has soured on search after a deal with Bing yielded unimpressive results. "Based on discussions with management over the year, we believe Facebook has no intention of getting into the search business," Mahaney says.

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