Boston, MA 10/02/2013 (wallstreetpr) – On Monday, Facebook Inc (NASDAQ:FB) announced a Graph update. This new update will allow users to search for various conversation topics in ‘comments’, ‘updates’ and ‘posts’. In addition, it also allows users to look for comments or posts from a certain location, period or time. They can also look via searches like what they had commented on or composed.
With this update, the social networking site has become even more real-time conversation friendly. This is one area that it has been making major efforts, in order to be one up on micro-blogging sites like Twitter. Everywhere you look, the two companies are seen locking horns with each other and trying to get the most attention. Their main aim is that when users are not watching their favorite shows on TV they should be busy ‘facebooking’ or ‘tweeting’ about topics that are relevant to what they are doing.
Real time information
This new Graph update will definitely help Facebook Inc (NASDAQ:FB) in this objective. For example if a user is watching a favorite game, they are able to do a quick scan on their profile, about the game. They will now be able to pull up that information very easily even days later and have a conversation around it. This is one functionality that Twitter doesn’t have as of now.
Tuesday’s trading
Facebook Inc (NASDAQ:FB) is involved in building various different products to create immense utility for its users, advertisers and developers. In Tuesday’s trading, Facebook Inc (NASDAQ:FB) rose by 0.38%. The shares opened at a price of $49.97, climbed to an intraday high of $51.03 and dipped to a close of $50.42. Approximately 98.11 million shares were traded on Tuesday while an average volume of 73.48 million shares were traded over a 30 day period. The 52-week low of the company’s shares is $18.80 and its 52-week high is $51.60. The company has a market capitalization of $122.79 billion.
