By Alexander Marrow and Gleb Stolyarov (Reuters) -Russian tech giant Yandex reported a 27% fall in second-quarter profits on Thursday as costs rose from a year earlier when the company tightened spending in the immediate aftermath of Russia’s invasion of Ukraine. Often dubbed “Russia’s Google”, Yandex has struggled to balance domestic pressures with the interests of its Western investors since Russia sent troops into Ukraine in February 2022. Yandex’s adjusted net income dropped to 9.6 billion… Source link
Read More »Yandex’s Q2 profits fall as costs rise versus 2022 ‘anomaly’
