You can’t overtake a market in a month, particularly one dominated by Google. But you can certainly chip away a small foothold. Which is what Microsoft managed to do with its new search engine, Bing, last month. According to StatCounter, Microsoft’s share of the market grew to 8.23 percent in June, up from the 7.8 percent share it held prior to Bing’s launch.
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Early gains do not guarantee a long-term increase in search market share, and thanks to its experience with Live Search and Live Search Cashback, Microsoft knows this better than anyone. That said, Redmond’s new search engine, Bing, does seem to be making some solid progress.
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Microsoft’s recently unveiled search engine, Bing, has piqued Google’s interest, but the search sovereign isn’t losing any sleep over it–or it would like us all to think that, anyway. In an interview with Fox Business Network Tuesday, Google CEO Eric Schmidt dismissed Bing as the latest in a string of feeble search efforts at Microsoft.
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This Weekend Update is particularly exciting because of all the things happening here at All Things Digital. There is, of course, the upcoming D7 Conference, which promises to be more tech-extravaganza fun than a tweet from @sockington (if only half as cute), but this past week has also seen the launch of our very own iPhone app, meaning that ATD has gone mobile–smart news for your smartphone (we’re still working out potential taglines).
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It was like a liveblogging tournament this past week–one that included a lot of the big players, but ended in a three-way tie.
According to BoomTown’s reliable sources, the elusive Microsoft-Yahoo deal is making “meaningful” progress. Accordingly, BoomTown also wondered whether Ballmer planned on visiting Carol Bartz on his trip to the Bay Area this week, or if the proximity of Stanford to Yahoo was just chance, given that Stanford was his main destination.
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The Federal Trade Commission may worry about the ties between the Google and Apple boards, but Google CEO Eric Schmidt clearly doesn’t share its concern. Asked during a press luncheon if he would resign from Apple’s board in the face of FTC scrutiny, Schmidt bristled–“Why would you ask that question?”–and then said simply, “It hasn’t crossed my mind.”
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In advance of its shareholder meeting today, Google is holding a press event at its Mountain View, Calif., campus with CEO Eric Schmidt presiding. Also on hand: Dave Drummond, senior vice president of corporate development; Susan Wojcicki, vice president for product management, and Marissa Mayer, vice president, search products and user experience. Hot topics of the day: Google’s and Apple’s interlocking boards, YouTube and the company’s thoughts on the econalypse, AOL and netbooks.
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If the Federal Trade Commission takes issue with Google and Apple’s interlocking boards, Google will be well prepared. Last October, Wilson Sonsini Goodrich and Rosati–the company’s outside law firm–gave a presentation on this very issue. Ironic, yeah? Click through to read the document in its entirety.
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He had a good run of it, but Google CEO Eric Schmidt’s stint as an Apple director may be coming to an end. Now that the Federal Trade Commission is investigating whether the close ties between Apple’s and Google’s boards of directors violate antitrust laws, Schmidt’s seat on the former’s board, which he has held since August 2006, seems more trouble than its worth.
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Back in 2005, Google was represented in Washington by a lone staffer. The company’s political innocence was something of a joke among seasoned beltway players and it didn’t much seem to care. Google was far too busy organizing the world’s information to pay attention to Washington.
How quickly things changed. By 2007, the company’s Washington lobbyists numbered about 12. And now, two years later, Google CEO Eric Schmidt has been named by President Obama to his Council of Advisors on Science and Technology.
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It’s been well over two years since the $1.65 billion acquisition and Google has yet to truly monetize YouTube. To wit, a report this week from Credit Suisse that predicts YouTube will earn $240 million in revenue in 2009. Which wouldn’t be half bad were it not for the fact that YouTube is on track to lose $470 million in 2009.
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