Buoyed by a bevy of new product launches this week, Google’s red-hot stock rose above the $300/share mark earlier this week.
While the stock has lost a bit of its luster, falling to $295 yesterday, its peak above $300 demonstrated renewed confidence from analysts and investors.
Google has been on a roll lately, rolling out several new products and services. This week alone, Google released a free version of their popular Keyhole satellite mapping system known as Google Earth, announced it was developing an online payment system known as Google Wallet, and released the second beta of its personalized search feature MySearchHistory. Google is also winning praise for the development and implementation of the Bourbon Algorithm which is working to clear spam out of their general organic listings.
Currently driving about 52% of North American search traffic, Google has seen several good news announcements to end this month. They might even be turning the corner on a dreadful year of public relations.
Search Engine Market Share – May 2005
According to Neilson NetRatings, Google delivers just under 50% of global search traffic.
Google: 48%
Yahoo: 21.2%
MSN: 12.4%
ASK Jeeves: 5%
AOL: 4.5%
Jim Hedger is the SEO Manager of StepForth Search Engine Placement Inc. Based in Victoria, BC, Canada, StepForth is the result of the consolidation of BraveArt Website Management, Promotion Experts, and Phoenix Creative Works, and has provided professional search engine placement and management services since 1997. http://www.stepforth.com/ Tel – 250-385-1190 Toll Free – 877-385-5526 Fax – 250-385-1198
