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FACEBOOK ROLLS OUT REAL-TIME SEARCH

Facebook has rolled out a vastly improved search engine that returns real- time results and the status updates of members who have chosen to make their information public, putting the site into more direct competition with Twitter.

By positioning itself as a real-time search engine where anyone can search what Facebook users are saying, the social networking site could steal market share and potential advertising dollars from Twitter.

The announcement came hours after Facebook announced it would acquire FriendFeed, a social aggregation service with features similar to Twitter, for a reported $50m in cash and stock.

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