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Google increases lead on the search market

Google Inc enjoyed one of its biggest monthly gains in U.S. Web search market share in October, building on consistent gains over the past two years, according to industry data out on Wednesday. Market research firm comScore Inc said Google’s core Web search properties captured 58.5 percent of the U.S. market in October, up from 57.0 percent in September. The top five providers of Web search all showed at least 5 percent growth in the number of searches in October. Yahoo Inc was number two after Google, followed by Microsoft Corp, IAC/InterActiveCorp’s Ask.com and Time Warner Inc’s network of sites, including AOL.

“They are all growing in the number of search queries but Google is taking a disproportionate share,” comScore spokesman Andrew Lipsman said by phone. Yahoo sites had 22.9 percent of the U.S. market, a 0.8 percentage-point fall from September. Microsoft slipped to 9.7 percent from 10.3 percent, Ask was flat at 4.7 percent and Time Warner’s network dipped 0.1 percentage point to 4.2 percent. Google shares rose more than 3 percent to a high near $670 before settling back later in regular Nasdaq trade to $666.51, up 2.8 percent. Yahoo shares fell 3.1 percent to $25.87, while Microsoft stock was off half a percentage point at $34.39. On Tuesday, broker Credit Suisse set a $900 price target on Google, a new Wall Street high, arguing that the Silicon Valley Internet leader is poised to monopolize search. Do you actually know someone who doesn’t use Google?

Source: Reuters

Comments (14)

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  1. rock
    November 22nd, 2007 | 18:56

    go google go!
    google FTW!

  2. Nomad
    November 22nd, 2007 | 18:58

    Indeed!

  3. chrome307
    November 22nd, 2007 | 19:01

    If your interested in the ‘Google’ story, there is a radio documentary available on the BBC Radio 2 website:

    PROGRAMME 5: SEARCHING FOR GOLD
    broadcast 20 November 2007

    The story of Google’s growth from a student dorm to a billion dollar global phenomenon.

    http://www.bbc.co.uk/radio2/documentaries/iwish/search.shtml

    Alternatively if you want to download it, you can use FlashGET with this link:

    rtsp://rmv8.bbc.net.uk/radio2/r2_iwish_5.ra

    Or any other download manager that supports ‘rtsp’

  4. chrome307
    November 22nd, 2007 | 19:02

    BTW

    Did you know that Google keeps your searches for 18 months??

    Be careful what you look for …….hehehe

  5. .Truth
    November 22nd, 2007 | 19:08

    “Do you actually know someone who doesn’t use Google?”

    No I don’t. .__. lawlawl.

    Google is better in my opinion, in terms of user friendliness and things like that, Google go!

  6. G-man
    November 22nd, 2007 | 19:08

    GOOGLE FTW !!!

  7. stop blocking me
    November 22nd, 2007 | 19:09

    haha my comment got deleted i love you martin

  8. crimson
    November 22nd, 2007 | 19:10

    “Do you actually know someone who doesn’t use Google?”

    my granny !

  9. lolol
    November 22nd, 2007 | 19:13

    most google services are FREE !
    NO annoying Ads.
    blah blah blah

    So yes. Google FTW !

  10. denmark sux
    November 22nd, 2007 | 19:14

    #4 thats nothing denmark just got an antiterror law requireing isp´s to log what in law is named “all traffic” for unknown lenth of time …. thats just arrrgf !

  11. pu$$y
    November 22nd, 2007 | 19:16

    My dog doesn’t use Google.

  12. Jixx
    November 22nd, 2007 | 20:32

    now the big G is also into cracking MD5 hashes…
    when will they do their own dvd rips?

  13. Jaybot
    November 23rd, 2007 | 13:15

    Only reason microsoft is there at all is because they bundle (read force it) it with MSN Messenger. Only reason MSN messenger beat ICQ was because they linked it with hotmail, instantly gaining market share, which is crucial with messenger networks.

    Glad to see microsoft live search dropped some points, because on merit alone it can’t hold a candle to google’s search.

  14. Fizzycakes
    November 23rd, 2007 | 17:40

    GOOGLE PREVAILS!
    FTW!

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