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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Yahoo to replace Google on Firefox

Article By: ,  Financial Analyst
November 20, 2014 11:26 AM

Yahoo is set to become Firefox's default search engine in the US.

The tech giant takes over from online superpower Google and will be the go-to option for internet users across the pond. In anticipation of the December launch, Yahoo stated that it will be developing a "clean, modern and immersive design". It also brings an end to Google's partnership with Firefox maker Mozilla which has been running for the past ten years.

Firefox was first launched in 2002 to rival established internet browsers such as Internet Explorer. It was initially developed for Windows, OS X and Linux and then was expanded to include a mobile version for Android mobile handsets.

As of February 2014, Firefox was estimated to have a global usage of between 12 per cent and 22 per cent, making it the third most web browser. Only Google Chrome and Internet Explorer can boast higher figures. Yahoo's ability to secure a deal to be Firefox's main search engine is seen as a major coup and makes a dent in Google's dominance of the sector.

According to figures from research firm comScore, Google remains a major player in the search engine stakes with 67 per cent of all searches from US desktops going through the company. Microsoft is second with 20 per cent while Yahoo is third with ten per cent. However, this new deal is aimed at boosting Yahoo's market share.

Announcing the five-year deal, Marisa Mayer, Yahoo's chief executive, described it as one of the most important deals in the company's history, adding: "At Yahoo, we believe deeply in search it's an area of investment and opportunity for us. It's also a key growth area for us.

"This partnership helps to expand our reach in search and gives us an opportunity to work even more closely with Mozilla to find ways to innovate in search, communications and digital content."

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