Don Dodge concludes that 1% of the search market share is worth over $1 Billion.
Each 1% of search market share is worth over $100M in revenues – Here is the math. There were 7.3 billion searches performed in March of 2007. One percent of that is 73 million searches times $0.12 revenue per search or $8.76M per month. That translates to $105.1M in annualized revenue.
The stock market values 1% market share at over $1 Billion.