Google Inc. (NASDAQ: GOOG) and Baidu.com, Inc. (NASDAQ: BIDU) staged a war that bears win

Google Inc. vs Baidu.com, Inc.

In brief: Google Inc. (NASDAQ: GOOG) is losing, but Baidu.com, Inc. (NASDAQ: BIDU) goes even lower. Search war began with renewed vigor.

Baidu.com, Inc. (NASDAQ: BIDU) is reduced in price today. Baidu.com, Inc. (NASDAQ: BIDU) has slid to 86.77 points, losing -0.79 (-0.90%). Google Inc. (NASDAQ: GOOG) stood at 500.51 points, down -4.84 (-0.96%) since the opening of U.S. stock market trades.

Google Inc. (NASDAQ: GOOG) dominance in the global Internet search market deteriorated in the second quarter, researchers reported analytical and consulting company Strategy Analytics. The share of the internet giant has fallen to 69,7% against 71,1% quarter earlier. “Yield Google search business slows down, as in Western countries, the market reaches maturity, and the corporation is attempting to gain a foothold in the Asian countries”, – said Martin Olausson, Strategy Analytics expert. “The company is forced to seek new revenue to offset the slowdown in the growth of search engine. The best results demonstrates the Chinese search engine Baidu, whose share almost equal to that Microsoft Bing and Yahoo. The latter two have a share of 4,8 and 5,4 percent respectively. Due to the problems of Google in China and the overall growth of the Chinese market Baidu increased its presence to 4,6%.

Anrey Torbinski
2010-08-10 18:08, Economics.

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