You hold in your hand the biggest threat to Google’s search monopoly

desktop versus mobile users in 2014

Google stock is up 139% over the past five years and 6% this year. That’s because the company basically has a monopoly on the internet’s best business: search advertising.

But nothing last forever. As the chart above shows, this year the amount of people accessing the web via mobile (iPads, smartphones) outstripped those accessing via desktop.

And most mobile users prefer to access the web via apps (see below chart).

apps versus mobile web

Perhaps Google are wishing they had not given Android away for free now.

 

 

 

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Crisis? What crisis? The world famous “fear-gauge” is at a 20 year low

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Despite turmoil  in the Ukraine, north Africa and the Middle East, the VIX index, which measures the implied volatility of America’s stockmarket, and is also known as the “fear gauge”, is near a 20-year low. The reason is that places suffering conflict are politically important but economically small. The Middle East, north Africa, Russia and Ukraine together produce just 7% of world economic output. They are mere “flesh wounds”. Only 2% of the stock of foreign investment by American, Japanese and British firms is in these places. At the same time, the world’s energy mix has shifted away from oil since the upheavals in the Middle East in the ’70s, and America has lots of shale gas.

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Canny older Scots voted out independence so the UK can pay their pensions

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An astonishing 73% of over 65s voted against secession yesterday.

Pro-union politicians’ warnings that pensions might be at risk in an independent Scotland undoubtedly played a part in steering the older vote.

In Scotland, those 55 and over represent 36% of Scotland’s voting-age population. And the population is getting older.

They might not like Devo Max either.

Devo Max, at root, means that most cross-subsidy between nations is cut. Scotland would largely rely on its own taxes, so Scots would bear more pain from the decline in North Sea revenue and the country’s ageing population.

And that’s why Scots politicians might choose to stick with something more modest than sweeping powers in any Devo Max settlement.

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Europe is about to try quantitative easing, say experts, before adding, “it’ll be really hard and it won’t work”

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Inflation is low (see chart) so Barclays believe the European Central Bank will try “printing money” to stimulate the economy.

But analyst Michael Pearce said that “the scale of monetary easing is set to be much more timid” than the Bank of Japan’s effort. “Co-ordinating policy between the 18 separate governments and central banks of the euro-zone will be a Sisyphean challenge, even for Super Mario.”

Thanks a lot, experts!

 

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