Wednesday, November 10, 2010

Stock had a 40% increase last year, IAC's Barry Diller Surrenders to Google, Ends Ask.com's Search Effort

IAC's Barry Diller Surrenders to Google, Ends Ask.com's Search Effort. A first glance, this is strange for a company where "Search represented nearly half of revenues ($205 million). The search business grew 20 percent, goosed primarily by a 55 percent increase in active toolbars to 97 million. IAC’s toolbar business is its secret distribution weapon, but those searches tend to generate lower revenue per query than those on Ask.com, which itself is still growing and is now ranked as the sixth largest website in the U.S”

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