Where art thou, Yahoo! (Nasdaq: YHOO ) ?
Fresh comScore data for the month of November shows that Yahoo!'s share of the search pie continues to thin out. Yahoo! commanded just 17.5% of last month's search queries, a noticeable slide from its 20.4% share of the market a year earlier.
Do you think Yahoo! is having any regrets over outsourcing key parts of its search to Bing earlier this year? It has to be kicking itself, because folks using Yahoo! may grow to cut out the middleman and go directly to Bing. It's not as if Yahoo! didn't see this coming. It paid the price years ago when it let Google power its searches.
Oh, well. Live and burn.
Briefly in the news
Let's take a quick look at some of the other stories that shaped our week.
- ExxonMobil (NYSE: XOM ) is broadening its allure as an energy play, snapping up XTO Energy (NYSE: XTO ) in a $41 billion deal.
- Wells Fargo (NYSE: WFC ) became the latest "too big to fail" banking giant to raise funds to pay back its bailout proceeds. It's controversial. It's dilutive. It's also a good way to keep the government out of your hair.
- Accenture (NYSE: ACN ) became the first company to nix Tiger Woods as a celebrity endorser. It won't be the last.
Until next week, I remain,