Yandex News

Self-driving cars are still many years away from becoming a ubiquitous reality, but today, one of the bigger efforts to build and develop them is taking a significant step out as part of its strategy to be at the forefront for when they do. Yandex — the publicly traded Russian tech giant that started as a search engine but has expanded into a number of other, related areas (similar to U.S. counterpart Google) — today announced that it is spinning out its self-driving car unit from… Source link

Yandex will increase its stake in the new company (Yandex SDG) to 73% and invest anadditional $150 million in its future development MOSCOW and AMSTERDAM, Sept. 04, 2020 (GLOBE NEWSWIRE) — Yandex N.V. (NASDAQ and MOEX: YNDX) and Uber today entered into agreements to spin off the self-driving vehicles business, Yandex Self Driving Group B.V. (“Yandex SDG”) from their ride-hailing and foodtech joint venture, MLU B.V. Following these transactions, Yandex SDG will be directly owned by… Source link

New services appear at breakneck speed. Around Moscow, Yandex is testing a fleet of over 100 driverless cars, work that even the coronavirus was unable to pause. Yandex Lavka (“Yandex Shop”), a grocery delivery app that launched in June last year, guarantees deliveries within 15 minutes, faster than anything Amazon offers. One of the brains behind the project, Ilya Krasilshchik, 33, remembers how, during Russia’s turbulent transition to a market economy in the early 1990s, his mother… Source link

These days, Yandex’s (NASDAQ:YNDX) shares are trying to emulate the behavior of the US big tech stocks, which continue to soar no matter what. The problem, however, is that the rally went too far from the reality the company operates in today. The recent stock run would make sense for Yandex in pre-covid times, but now it’s really hard to justify a ridiculously high valuation of the company. On the other hand, if we look at Yandex through the lenses of a typical growth story where the public… Source link

Long term investing can be life changing when you buy and hold the truly great businesses. And highest quality companies can see their share prices grow by huge amounts. Just think about the savvy investors who held Yandex N.V. (NASDAQ:YNDX) shares for the last five years, while they gained 315%. And this is just one example of the epic gains achieved by some long term investors. Also pleasing for shareholders was the 51% gain in the last three months. The company reported its financial… Source link

Yandex (NASDAQ:YNDX) is a major Russian high-tech company. Its core product is a search engine that is one of the four most popular search engines in the world by requests. Yandex also offers taxi, food delivery, media, carsharing services, etc. Yandex accounts for 58.1% of the Russian online search market. Russian President Vladimir Putin made a statement on June 23, suggesting the introduction of tax concessions for Russian IT companies. The government is looking to reduce social insurance… Source link

Image source: The Motley Fool. Yandex N.V. (NASDAQ:YNDX)Q2 2020 Earnings CallJul 28, 2020, 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by and welcome to the Second Quarter 2020 Financial Results Call…. Source link

Yandex NV (YNDX) is around the top of the Internet Content & Information industry according to InvestorsObserver. YNDX received an overall rating of 77, which means that it scores higher than 77 percent of all stocks. Yandex NV also achieved a score of 93 in the Internet Content & Information industry, putting it above 93 percent of Internet Content & Information stocks. Internet Content & Information is ranked 26 out of the 148 industries. YNDX has an Overall Score of 77. Find out what… Source link

Yandex’s self-driving car unit has accelerated through the coronavirus pandemic, becoming one of the world’s top 3 companies for the number of miles driven by automated vehicles. In a conference call with investors Tuesday, the Russian technology giant dubbed ‘Russia’s Google’ said its fleet of 130 vehicles had passed four million miles in autonomous driving.  The milestone is the latest in Yandex’s heavy investment into driverless technology. The mile count has… Source link

Shares of Russian internet firm Yandex (NASDAQ:YNDX) are down 3% pre-market in U.S. trading despite beating Q2 estimates on the top and bottom line. Online ad revenue fell 15% Y/Y to RUB29.1M due to the coronavirus pandemic. Revenue from Yandex properties was down 11% (accounting for 49% of revenue), and ad network sales dropped 31% (10% of revenue.) The Taxi segment grew 42% Y/Y to account for 30% of total revenue, up nine percentage points on the year. The growth was primarily due to the… Source link