A report from research firm comScore revealed that Google (GOOG) had one of its largest gains in search share in a month, as it accounted for 58.5 percent of all online searches in October. That's up from the September numbers of 57.0 percent.
The overall online search market also continues to grow, as the other four companies in the top five of search in the U.S. market also grew in the number of searches.
Yahoo (YHOO) ended October with 22.9 percent of search market share in the U.S., a drop of 0.8 percent from September. Microsoft (MSFT) also dropped for the month in percentage of search, as it finished October at 9.7 percent, a deline from september's 10.3 percent. Ask remained the same for the month with their 4.7 percent share, while Time Warner (TWX) was almost the same as well, dropping 0.1 to end at 4.2 percent market share.
The U.S. search market drew 10.5 billion searches for October, with Google getting 6.1 billion of them.
Believing that Google is close to becoming a search monopoly, Credit Suisse set a $900 target share price on the company.
Comment Preview