The big reveal at Facebook was a new friends-based search tool that lets its billion users find people, photos and places within their social network. The idea is that users can tailor their searches by, for example, specifying music or restaurants that their friends like. And it's limited to information that's been shared with them- a clear nod to privacy concerns. That could spell trouble for local sites like Yelp- and even for Google. S&P Capital IQ's Scott Kessler:
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