So its not the facebook phone but the graph search which facebook had to show at its headquarters. It was a 'much anticipated' event which hiked FB above 6%. After Zuckerberg; wearing the hood, announced the graph search, the stock fell a bit... Dont know how the new search tool is a different experience than GOOGS but FB claims that it answers - not provide links to answers! Had it been facebook phone, it would have created an impact... I dont know they may unveil it someday but for now its the graph search and how it truly represents the much anticipated call will be reflected in the stock price soon..
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