Facebook will build its own search engine

Facebook Inc (FB.O) CEO Mark Zuckerberg told investors to keep faith in the company as they will soon be launching some new products that might include building their own search engine,

According to him facebook has one billion queries on a daily basis and this opportunity can be tapped in upcoming time.

Shares in the company ended Tuesday at $19.43, well off their $38 debut price. The stock crept above $20 in extended trade on Tuesday.