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Yahoo Chief Says Facebook Is Bigger Rival Than Google

Yahoo! Inc. Chief Executive Officer Carol Bartz said social networking leader Facebook Inc. has emerged as a bigger rival than Google Inc., owner of the biggest Web-search engine.

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