Tag Archives: giant

If you thought Silicon Valley had a problem with politics, spare a thought for Russia’s top internet company. Nasdaq-listed Yandex, which runs the largest Russian search engine and ride-hailing service, is caught between its local customers and regulators on the one hand, and American technology and finance on the other. The latest flashpoint is the potential sale of its media interests, which consist of a news-aggregation service similar to Google News and a social… Source link

A view shows a fragment of a Hyundai Sonata automobile during an event, organized by Yandex company to present the new generation of its self-driving car developed in cooperation with Hyundai, in Moscow, Russia May 27, 2020. REUTERS/Shamil Zhumatov Register now for FREE unlimited access to Reuters.com Register March 23 (Reuters) – Russian tech giant Yandex (YNDX.O) is facing heavy criticism online after a data leak exposed the personal details of more than 58,000 people on its food delivery… Source link

Russia’s internet giant Yandex has told investors it’s exploring “strategic options” for its media products — including a potential sale of its news aggregator, Yandex News, and a user-generated content recommendation and blogging “infotainment” platform, called Zen. The disclosure confirms our reporting earlier this week — when sources told us Yandex is in discussions to sell Yandex News and Zen. Our sources suggested the move is linked to the risks posed by tighter… Source link

Russia’s internet giant Yandex has told investors it’s exploring “strategic options” for its media products — including a potential sale of its news aggregator, Yandex News, and a user-generated content recommendation and blogging “infotainment” platform, called Zen. The disclosure confirms our reporting earlier this week — when sources told us Yandex is in discussions to sell Yandex News and Zen. Our sources suggested the move is linked to the risks posed by tighter regulations on freedom… Source link

Konstantin Malofeev, chairman of the board of directors of the Tsargrad media group, speaks during an interview with Reuters in Moscow, Russia September 16, 2021. REUTERS/Tatyana Makeyeva/File Photo Register now for FREE unlimited access to Reuters.com Register March 17 (Reuters) – The television channel of a sanctioned Russian businessman on Thursday said Alphabet Inc’s (GOOGL.O) Google had lost a court appeal against a 2021 ruling that the company pay a compounding fine for blocking access… Source link

Tech major Yandex is mulling the sale of its media platforms Yandex.news and Yandex.zen to Russian internet company VK, according to sources close to the negotiations. The move away from media would help the company out of a bind between the competing demands of Russian regulation and international stakeholders. … Source link

A group of progressive MEPs are preparing to question the European Commission on why Russia’s largest technology company has been excluded from the sanctions list so far, while Baltic states are planning to raise the point in the Council discussions. Yandex is the second largest search engine in Russia regarding market share and provides several online services, including advertising, mobility apps and navigation. The company also offers ride-hailing services in several EU… Source link

Amazon’s (AMZN) big stock split could pave the way for entrance into the 30-member exclusive club known as the Dow Jones Industrial Average. “We expect that the stock split should increase the accessibility of shares to a broader array of potential investors, and note that the split should allow for potential inclusion of Amazon shares in the Dow Jones Industrial Average,” said Wells Fargo analyst Brian Fitzgerald. Shares of the e-commerce giant rose 5% in pre-market trading on Thursday on the… Source link

The government has been urged to restrict the UK operation of Russia’s biggest technology company amid concern over its ties to the Kremlin. Yandex, Russia’s equivalent to Google, is headquartered in Moscow but operates in more than 17 countries and recently launched Yango Deli in London, a service offering 15-minute delivery to households of food, alcohol and toiletries. The parent company, which offers map, search, taxi and shopping services, has been subject to sanctions in Ukraine… Source link

Russian cloud and search giant Yandex warned that it might default on its debt, after it was suspended from trading on New York’s stock exchange. The company avoided immediately defaulting by paying a coupon due Thursday. Its Netherlands-based division transferred $4.7 million to holders of its $1.25 billion bond due 2025. Yandex’s debt has lost more than half its value in the past week, according to Trade Reporting and Compliance Engine (TRACE) pricing. … Source link