The next frontier that Facebook needs to conquer is search. That would help it significantly expand revenues and, in turn, its market value. Search, I would say, is a very high priority for Facebook and may be the announcement due Tuesday might well be that. Facebook has this incredible treasure trove of unstructured data on the site, but can it finally put it to good use?
Research firm eMarketer estimates that Facebook, the No. 2 company in the U.S. mobile advertising market, had an 8.8 percent share last year —up from zero in 2011. That compared with No. 1 Google’s 56.6 percent. This year, Facebook is expected to grow its share to 12.2 percent, while remaining far behind Google, but we all know the real dollars is in search.
Facebook’ biggest challenge however and potentially its most lucrative opportunity, a chance to topple Google as the king of search. Will that ever happen?