The Wall Street Journal reports that Terry Semel, Yahoo’s CEO, has warned that online advertising growth will be slowing in automotive and financial services industries. He said that there is still growth, but “but they’re not growing as quickly as we might have hoped at this point in time,” Semel said. On that news, Yahoo’s shared dropped $3.47, or 12%, to $25.54.
Barry Diller, CEO of IAC, said he can see Ask.com gaining market share, about 8 to 10 percent share. More details on that story at Reuters.com.
Postscript From Danny: See my follow-up post, Again, The Need For Search Ad Revenue To Stand Alone.