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Stockreport

Firefox opts for Google as default search in US, surprising Yahoo [CNBC]

ALPHABET INC CL C (GOOG)  More Company Research Source: CNBC
US:NASDAQ Investor Relations: abc.xyz/investor
PDF Alphabet's Google reclaimed on Tuesday its spot as the default search engine on Mozilla's Firefox internet browser in the United States and other regions as the browser maker stunned Verizon Communications ' Yahoo by canceling their deal. Google confirmed the move but declined, along with Mozilla, to disclose revenue-sharing terms of the multiyear agreement. Google's growing spending to be the primary search provider on apps and devices such as Apple's iPhone has been a major investor concern. Google will be Firefox's default search provider on desktop and mobile in the United States, Canada, Hong Kong and Taiwan, said Denelle Dixon, Mozilla's chief business and legal officer. The decision was based on a number of factors including doing what's best for our brand, our effort to provide quality web search and the broader content experience for our users, Dixon said. We believe there are opportunities to work with Oath and Verizon outside of search. Yahoo had been [Read more]

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