Facebook roundup: Bing social search, PMD policies, Open Compute Summit, more

Facebook shares back below $30 – Wall Street was apparently unimpressed with Facebook’s Graph Search announcement. Facebook shares, which surged past $31 last week in anticipation of the company’s first big press event since going public, closed today at $29.66, down 6.5 percent from Monday. The share price began to drop immediately following CEO Mark Zuckerberg’s announcement of an overhauled search product. Although the tool has a lot of future potential, it is in very limited beta for English speaking users on desktop and Facebook did not announce a corresponding monetization plan for the tool.