Each day that passes, more news comes out about just how big Facebook is, and just how serious of a threat other internet giants think it is. With what appears to be a race by internet giants to acquire smaller companies at a fast rate, Yahoo CEO announced yesterday that she now considers Facebook a larger competitor than long time rival Google.

“Our greatest competitor probably is Facebook, more so than Google,” Bartz said at a presentation in New York yesterday. “They’re a hot site, but there’s room for more than one of anything.”

She went on to discuss the companies future plans to acquire other companies and sites noting that Yahoo will be looking for companies that bring users and content as well as engineers and advertising technologies to the table. What is interesting to not about that, as it seems to be something that Google has stepped up the pace of buying companies that offer the same things. Just last week it was reported that Goupon rejected a 6 billion dollar bid to buy out their 2 year old business.

Question: Do you think Yahoo is correct in their assessment of Facebook being a bigger competitor than Google?

 

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