Tag Archives: parent

The Dutch parent company of Yandex, dubbed Russia’s Google, wants to cut ties from its Russian unit to protect new ventures in artificial intelligence and autonomous driving, The New York Times reported. The move would mean selling off its popular internet browser, food delivery and ride hailing apps, the report said. But such a sale and transferring the other technology out of Russia would… Source link

[unable to retrieve full-text content]Yandex parent to review ownership of Russian tech giant, seek …  Reuters Source link

Russian internet giant Yandex’s Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia. From a report: Yandex N.V. said it had started a “strategic process to review options to restructure the group’s ownership and governance in light of the current geopolitical environment.” “As part of the intended restructuring of the group, the… Source link

By Alexander Marrow, Darya Korsunskaya and Polina Devitt MOSCOW -Russian internet giant Yandex’s Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia. Since Russia launched what it calls a “special military operation” in Ukraine in late February, Nasdaq-listed Yandex, often referred to as “Russia’s Google”, has grappled with domestic pressure on… Source link

Even Alphabet, the parent company of Google and one of the internet’s most entrenched businesses, was not immune to the punishing blows of the global economy and a sharp slowdown in the online advertising that is essential to the company’s profits. Alphabet on Tuesday reported a net profit of $13.9 billion in the third quarter, down 27 percent from a year earlier, while revenue climbed 6 percent to $69.1 billion. The earnings fell short of analysts’ estimates of $16.9 billion in profit… Source link

Spotify stock (SPOT) erased gains on Wednesday after a new report from The Wall Street Journal revealed that TikTok parent company ByteDance has begun talks with music labels to expand its music-streaming service, dubbed Resso. According to the report, ByteDance wants to eventually integrate the service with social media juggernaut TikTok — a platform known for discovering new music and making songs go viral — as the company looks to expand the offering into more global markets…. Source link

What’s happening Facebook parent company Meta and Google… Source link

A Google sign is pictured outside the Google office in Berlin, Germany, August 31, 2021. REUTERS/Annegret Hilse Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Alphabet Inc (GOOGL.O) on Tuesday barely missed estimates for quarterly revenue, showing that its industry-leading Google search and advertising business may be able to withstand big countries potentially going into recession over the next year. Shares of Alphabet rose 3.5% in after-hours trading.

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Everyone’s coming for Mark Zuckerberg and Meta On Monday, Washington D.C.’s attorney general cited Cambridge Analytica in a new lawsuit seeking to hold Meta (FB) CEO Mark Zuckerberg personally responsible for the social media giant’s privacy lapses. For those unaware, the consulting firm is… Source link

The suit by Match Group (MTCH) is the latest antitrust complaint to hit Google (GOOG) after years of scrutiny over its business practices. The suit, which was filed in the US District Court for the Northern District of California, alleges that Google not only has a monopoly on the distribution of Android apps, but also forces app makers to accept contract language that locks them into using Google’s in-app payment technology and requires them to pay fees to Google. “These exorbitant ‘fees’… Source link