Yandex News

In early February, Yandex NV (YNV) – the Dutch parent company of Russia’s online giant Yandex, often referred to as the “Russian Google”- announced its long expected exit from Russia. YNV is selling its Russian assets to a consortium of investors led by the Russian management team for RUB475bn ($5.2bn) in the largest corporate exit from Russia since the country’s invasion… Source link

Russian Antimonopoly Service reveals violations of Yandex.Taxi related with overrated prices AKIPRESS.COM – The Russian Federal Antimonopoly Service (FAS) has revealed violations by Yandex.Taxi, which are associated with overrated prices for trips, as well as blocking of drivers and passengers. In 2023, the company received more than 300 complaints from passengers and drivers, Federal Antimonopoly Service Deputy Chairman Pyotr Ivanov said in an interview with… Source link

EU countries agreed to remove Arkady Volozh, co-founder of Russia’s most popular search engine Yandex, from the list of sanctions against entities and individuals associated with Russia’s war against Ukraine, Reuters reported on Feb. 21, citing three unnamed sources familiar with the discussions. The EU sanctioned Volozh in June 2022, arguing that his company serves the interests of the Russian government and promotes pro-Kremlin media and narratives, as well as censors content critical of… Source link

The EU has agreed to lift sanctions from Russian tech billionaire Arkady Volozh, Reuters reported Wednesday, citing three sources familiar with the matter.  Volozh co-founded the Russian tech company Yandex and announced his resignation in mid-2022 after being targeted by EU sanctions. In August, his lawyers petitioned the EU for sanctions relief after he became one of the few members of the Russian elite to criticize the war. “I understand that I also share responsibility for… Source link

SCHIPHOL, Netherlands (AP) — SCHIPHOL, Netherlands (AP) — Yandex NV (YNDX) on Thursday reported a loss of $70.5 million in its fourth quarter. The Schiphol, Netherlands-based company said it had a loss of 19 cents per share. Earnings, adjusted for non-recurring costs, were 34 cents per share. Tarek El Moussa’s road out of debt to being a millionaire | Your Wallet The Russian search engine posted revenue of $2.78 billion in the period. For the year, the company reported profit of $221.5… Source link

MOSCOW (Reuters) – Russian search engine giant Yandex on Thursday reported a 53% jump in full-year revenue to 800.1 billion roubles ($8.72 billion), driven by organic growth across the business, from search and advertising to e-commerce and ride-hailing. Yandex’s Nasdaq-listed and Dutch-registered parent, Yandex NV, last week agreed to spin off some assets in a cash and shares deal worth $5.2 billion, a far cry from the company’s value before Moscow sent its army into Ukraine in February… Source link

For the past 25 years, Yandex, arguably Russia’s most innovative company, has struggled to preserve its independence from the Kremlin. The announcement of a planned $5.2-billion deal to sell the company’s Russian businesses to a consortium of investors brought an end to that era, raising questions over not only who will be the company’s true owners, but the future of the company itself. The story of Yandex is an analogy for Russian business during the Putin era. Back in the late… Source link

Yandex (NASDAQ:YNDX – Get Free Report) is set to issue its quarterly earnings data before the market opens on Wednesday, February 14th. Get Yandex alerts: Sign Up Yandex Price Performance Shares of NASDAQ:YNDX remained flat at $18.94 on Tuesday. The company has a fifty day simple moving average of $18.94 and a two-hundred day simple moving average of $18.94. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 19.13 and a beta of 0.89. The company has a quick ratio of 0.82,… Source link

It’s not a stretch to say that Yandex has a claim to be Russia’s most successful and innovative company. Even Google’s founders were interested in buying it at one time. The company strove to preserve its independence for 25 years, but now that part of its story seems to have reached its end. The Kremlin has long courted the company and soon, in place of founder Arkady Volozh, Yandex will have an entirely new, Kremlin-approved leadership and ownership team. The real beneficiaries of… Source link

All episodes Subscribe iTunes RSS feed Google Podcasts Spotify Castbox Yandex.Music Yandex’s restructuring and the future of Kremlin tech control 00:0027:30 After a year and a half of negotiations, Yandex founder Arkady Volozh and the company’s foreign shareholders have reached a deal to part ways with Yandex’s Russian assets. The Russian IT giant’s Netherlands-based parent company announced Monday, February 5, that it will sell a large portion of its operations to a consortium of Russian… Source link