Yandex N.V. (YNDX)
- Motley Fool
Why Yandex Stock Crashed 10% Today
Russian tech stock star Yandex (NASDAQ: YNDX) fell 10.2% through 3:15 p.m. ET on Monday -- and you can probably blame Russian President Vladimir Putin for that. As the English-language The Moscow Times said this morning, currently both the Russian ruble and Russian stocks are "in the red as talk of military confrontation spooks investors." For weeks, diplomats have been warning that the Russian Federation is massing troops on Ukraine's eastern border -- more than 92,000 at last count.
- Reuters
Russia's Yandex to spend 'tens of millions of dollars' on fashion
Russia's Yandex said on Wednesday it had started selling clothing, footwear and accessories on its Yandex.Market e-commerce service, months after pulling out of a deal to buy online fashion retailer KupiVIP. Sometimes described as Russia's Google, Yandex offers services ranging from advertising and search to ride-hailing and food delivery and has said it plans to spend around $650 million on e-commerce initiatives this year. Yandex.Market did not disclose financial terms, but said in a statement that it would spend "tens of millions of dollars" to develop its fashion division in 2022.
- Zacks
WB vs. YNDX: Which Stock Is the Better Value Option?
WB vs. YNDX: Which Stock Is the Better Value Option?
