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Arkady Volozh quit as Yandex's CEO in June 2022. Arkady Volozh, a co-founder of Russia's technology giant Yandex, has described Moscow's full-scale invasion of Ukraine as "barbaric".
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MOSCOW, Feb 15 (Reuters) - Russian internet giant Yandex (YNDX.O) on Tuesday reported a sharp drop in adjusted annual net profit, but said total revenue could surge this year to around $6.5.
Russia's Yandex Beats 2022 Revenue Target; Revamp Details Awaited
Yandex's co-founder, Arkady Volozh, is one of very few top Russia-linked businessmen to have publicly spoken out against Russia's invasion of Ukraine. He left the firm in 2022. He left the firm in.
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Yandex LLC (Russian: Яндекс, tr. Yandeks, IPA:) is a Russian multinational technology company providing Internet-related products and services, including an Internet search engine called Yandex Search, launched in 1997, information services, e-commerce, transportation, maps and navigation, mobile applications, and online advertising. Yandex Holding Company was incorporated in 2000.
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Just six days into the war, Forbes reported, the market capitalization of Yandex had plunged from its November 2021 peak of $30 billion to below $7 billion, while Volozh's net worth, recently as.
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Yandex's 2022 revenue was 521.7 billion roubles ($7.05 billion), against its forecast 500 billion roubles, amid a slight increase in its more than 60% search market dominance. Alphabet's (GOOGL.O.
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Reuters Videos. STORY: It's often called the "Russian Google". Now search engine company Yandex has agreed to sell all its assets in the country to a group of local investors. The deal is.
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Often called "the coolest company in Russia," Yandex employed more than 18,000 people; its founders were billionaires; and at its peak last November, it was worth more than $31 billion.
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Alexei Kudrin, a Kremlin ally who joined Yandex as a corporate development adviser in December 2022, was reportedly responsible for seeking out, negotiating and clearing the potential investors.
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Yandex (YNDX), which handles about 60% of internet search traffic in Russia and operates a big ride-hailing business, said Thursday that it may be unable to pay its debts as a consequence of the.
Moscow, Russia. 14th April, 2022. Closeup view of Yandex Go yellow electric scooters are ready
Yandex NV on February 25, when its market cap was at $6.8 billion. "Tigran Khudaverdyan is the executive director of Yandex — one of the leading technology companies in Russia, which.
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How War in Ukraine Roiled Russia's 'Coolest Company'. The decline of Yandex, the Russian version of Google, is emblematic of the economic and cultural troubles spawned by the invasion.
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Just over a week before Russia sent tens of thousands of troops into Ukraine, Yandex forecast total revenue jumping in 2022 to 490-500 billion roubles ($6.13-6.26 billion), but on Thursday said it.
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Alexei Kudrin, a longtime ally of Russian President Vladimir Putin, said on Monday he would join technology giant Yandex to advise on corporate development as the company begins a sweeping.