It seems Yahoo’s move to make Yahoo! Inc. (NASDAQ:YHOO) search engine default in Mozilla Firefox is working. A new startling report has surface which shows that Yahoo! Inc. (NASDAQ:YHOO) search share in the US rose to more than 10% and Google Inc (NASDAQ:GOOGL) search share came down below to 75%. Although Google Inc (NASDAQ:GOOGL) search share remains the biggest, Yahoo search is getting popular. An article on Venture Beat, it was reported that in January, Google Inc (NASDAQ:GOOGL) search share came down and Yahoo depicted a growth.
Yahoo! Inc. (NASDAQ:YHOO) still has a long way to go. It has another competitor to beat before Google Inc (NASDAQ:GOOGL): Bing search engine.
The source mentioned that Google Inc (NASDAQ:GOOGL) recently launched a campaign, in which it showed the users of Mozilla Firefox on how to shift back to the Google Inc (NASDAQ:GOOGL) search engine. This move didn’t have immediate effect on the results. The report was published by StatCounter.
Yahoo! Inc. (NASDAQ:YHOO)’s CEO Marissa Mayer has decided to spin off Alibaba to save the company from heavy taxes. Yahoo is trying different and multifarious things after the Alibaba balloon pops off. Yahoo needs a sound product strategy and ads revenue to survive.
The source said that Google Inc (NASDAQ:GOOGL)’s core business of search is showing the effect of deterioration, but it is still far from a major decline. Yahoo! Inc. (NASDAQ:YHOO) on the other hand came above in the US search market in December, when it decided to sign a deal with Firefox to make its search engine default. US search share for Yahoo! Inc. (NASDAQ:YHOO) jumped from 8.5% to 10%. Google Inc (NASDAQ:GOOGL), however still remains the search juggernaut both in the US and around the world.
David E. Shaw’s D.E. Shaw & Co., L.P. reported owning about 16.19 million shares in Yahoo! Inc. (NASDAQ:YHOO) by June 30.
Suggested Articles:
