CNNMoney reported today that the Yahoo! share of online searches is sharply declining. The company’s search market share fell from 18% in October to 17.5% in November, according to the monthly comScore report.
The November figure is the lowest share ever recorded for Yahoo!
Bing, however, appears to be doing quite well; Miscrosoft’s newest search engine gained 0.4 points to cover 10.3% of online searches in November. Google is still the leading search engine, owning a solid 65.6% of the market, which is an increase of 0.9 point since July.
What the Microhoo?
With Microsoft’s Bing success, one wonders why Microsoft forged a 10-year deal with Yahoo! to combine search engine efforts. The joint venture, called Microhoo, was developed to combine the market shares of Yahoo! and Bing together to give the new Microhoo a 28% stake in online searches. Under the terms of the coupling, Yahoo! would be powered by Microsoft’s search engine. In exchange, Microsoft would give Yahoo! 88% of the revenue gained from searches on Yahoo! sites. (more…)
