It was a bad week for search related companies. Yahoo disappointed, and with it the sentiment on search companies turned a little bearish. Soon after, there was an uproar when DoJ asking Google and others to hand over certain information. (An alternate opinion is here!)
Suddenly we were all thinking about cached life. Google plummeted nearly 8.5% of Friday, posting its worst day on stock markets thus far. Niall and I thought, it would be pretty sweet if we did a podcast recaping it all. Om and Niall PodSessions: Search around the world
Governments and search engines in other countries were busy moving forward with their own search plans despite the distractions in Silicon Valley. France and Germany announced a collaborative effort to develop the Quaero project to counter the power of Google and Yahoo! over content in those two countries.
The new search engine will receive around $2 billion from the European Union French and German governments to develop new search technologies especially focused on audio and video.
In Korea NHN’s Naver.com continues its stellar growth with over 40% of the country’s search market. Google currently has only about 2% of the Korean market. Naver adds mashups and detailed information directly on search results pages assisted by efforts from its millions of subscribers.
The company has expanded into Japan and China behind the power of its gaming network and founded a U.S. subsidiary. All these topics and more in this week’s podcast. The podcast is 21 minutes long, a 9.8 MB download.