YNDX Profile
Yandex is a major Russian technology company, often compared to Google due to its wide array of internet services. Founded in 1997 by Arkady Volozh and Ilya Segalovich, Yandex has grown to dominate the Russian search engine market. The company also offers various other digital services, including ride-hailing through Yandex.Taxi, e-commerce via Yandex.Market, and cloud storage with Yandex.Disk, among others.
Despite its success, Yandex faced significant challenges that led to its delisting from the Nasdaq and the Moscow Exchange in 2022. The primary reason was the geopolitical tensions arising from Russia's invasion of Ukraine. The resulting sanctions and financial market disruptions heavily impacted Russian companies, making it difficult for them to maintain their listings on international stock exchanges.
These geoopolitical issues, combined with economic instability and regulatory pressures, forced Yandex to focus on its domestic market and reassess its global strategy. The delisting marked a significant shift for the company, which had previously sought to expand its international presence.
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