The French startup Qwant wants to become an alternative option to Google for Europeans who want to search the Web. The founders want to turn "Europe’s anti-Google sentiment into a successful
business," per
The New York Times. It sold a 20% stake to Axel Springer, the German publisher, in 2014 for roughly $6 million, mostly to buy European servers. Citing the new
stakeholder, the NY Times reports Qwant made about a $1.8 million profit last year, but will post a loss for 2014 as the company expands into new markets like
Germany. Read the whole story at The New York Times »
