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From what I have gathered the atmosphere in Yandex is loaded and complex. Yandex is a huge beneficiary from the war but a lot of people in the company are confl

From what I have gathered the atmosphere in Yandex is loaded and complex. Yandex is a huge beneficiary from the war but a lot of people in the company are conflicted about it.

mardifoufs 5y ago
How does it benefit from the war? I had the impression that they were caught in a pretty bad situation due to their outstanding debts and their suspension from nasdaq so that's very surprising!
- machinekob 5y ago
  Probably cause all of the other cloud providers are limiting operations in Russia
  - gaploid 5y ago
    I believe cloud revenue in Yandex structure is quite low and main business in search/ads
    - euos 5y ago
      It is not about revenue. They are basically state corporation.
    - vasilia 5y ago
      Search/ads and ride/delivery services. As you may know Yandex has very advanced SDC system which was used(SDC robots) by Grubhub in Arizona University. They have delivery services in London/Paris and taxi services in Insrael and couple European countries. As for the Russia I found news(in Russian) that McDonalds was huge part of orders in delivery service. Ads system fully broken because of Google suspension. Without concurents average prices will rise exponentially. Small business will not be able to buy ads and will closed in near feature.
- petercooper 5y ago
  I don't know if it's much of a benefit, but as an outsider, I assume Yandex will essentially pick up the entirety of the Russian market for search, maps, and other tools if US services are blocked or frowned upon?
  - coolspot 5y ago
    Search and maps was already theirs. However they got chance to expand in Yandex Phone space (replacing iPhones/Androids) and perhaps in desktop OS space (replacing Chromebooks and maybe Windows).
  - blep-arsh 5y ago
    Advertising, for example, is a significant revenue stream for Yandex and the advertising market has lost a lot of businesses, so it's possible that the entire Russian ad market is now worth less than whatever the Yandex' share was back in February.
- euos 5y ago
  They are basically "google of Russia" - main search engine, browser, etc. Waiting till Russia cuts off YouTube and the rest. They basically adopt western open-source for Russian government (review and such). Their browser is Chromium, machine learning is Tensor Flow, etc. They also work in cybersecurity for Russian government (including conducting attacks).
  - blep-arsh 5y ago
    > They also work in cybersecurity for Russian government (including conducting attacks) Is there a source for that?
VWWHFSfQ 5y ago
What. They are absolutely not a "huge beneficiary from the war". The value of the company has plummeted and the only reason it isn't nearly worthless is because the stock can't be traded anymore.
- repsilat 5y ago
  Yandex is traded on the MOEX. It's priced around 1800 roubles/share, down from a pre-war high of around 6k and pre-COVID levels of around 3k. Beaten down, but not "nearly worthless", and it is traded. (Not on the NASDAQ though.)
  - VWWHFSfQ 5y ago
    Oh I guess I didn't realize that Russia re-opened their stock exchange. Does anybody actually trade on it? Also > 1800 roubles/share This is nearly worthless
    - krab 5y ago
      The ban on selling shares by foreigners is probably still in place. So the price might be somewhat overestimated.
    - repsilat 5y ago
      Russians trade on it. Maybe they do have an overly rosy view of the company's fortunes, I dunno -- I don't know much about their business, how sensitive it is to the conflict and sanctions. The stock price movement is easier to reason about, I guess. By that metric they've had a worse year than Salesforce, Netflix, Uber, Google. I'd agree that the conflict isn't good for them, but "worthless" is a bit strong for my palate.
yafinder 5y ago
> Yandex is a huge beneficiary from the war This is not true. On the contrary, Yandex's business has suffered greatly. You can see it for yourself here https://www.nasdaq.com/market-activity/stocks/yndx https://www.nasdaq.com/market-activity/stocks/yndx The company's employees are almost universally opposed to the war, but opinions about exactly how it should be stopped are, indeed, conflicted.
- the_mitsuhiko 5y ago
  Let me clarify this: Yandex would clearly do better without the war but unlike many other companies it will come out ahead as it can pick up a lot of business through "import substitution".
- ptnxlo 5y ago
  Benefiting from something doesn't mean you won't suffer losses anyway. At this point which Russian company isn't performing negatively different since the day of the invasion?

From what I have gathered the atmosphere in Yandex is loaded and complex. Yandex is a huge beneficiary from the war but a lot of people in the company are conflicted about it.

mardifoufs 5y ago

How does it benefit from the war? I had the impression that they were caught in a pretty bad situation due to their outstanding debts and their suspension from nasdaq so that's very surprising!

machinekob 5y ago
Probably cause all of the other cloud providers are limiting operations in Russia
- gaploid 5y ago
  I believe cloud revenue in Yandex structure is quite low and main business in search/ads
  - euos 5y ago
    It is not about revenue. They are basically state corporation.
  - vasilia 5y ago
    Search/ads and ride/delivery services. As you may know Yandex has very advanced SDC system which was used(SDC robots) by Grubhub in Arizona University. They have delivery services in London/Paris and taxi services in Insrael and couple European countries. As for the Russia I found news(in Russian) that McDonalds was huge part of orders in delivery service. Ads system fully broken because of Google suspension. Without concurents average prices will rise exponentially. Small business will not be able to buy ads and will closed in near feature.
petercooper 5y ago
I don't know if it's much of a benefit, but as an outsider, I assume Yandex will essentially pick up the entirety of the Russian market for search, maps, and other tools if US services are blocked or frowned upon?
- coolspot 5y ago
  Search and maps was already theirs. However they got chance to expand in Yandex Phone space (replacing iPhones/Androids) and perhaps in desktop OS space (replacing Chromebooks and maybe Windows).
- blep-arsh 5y ago
  Advertising, for example, is a significant revenue stream for Yandex and the advertising market has lost a lot of businesses, so it's possible that the entire Russian ad market is now worth less than whatever the Yandex' share was back in February.
euos 5y ago
They are basically "google of Russia" - main search engine, browser, etc. Waiting till Russia cuts off YouTube and the rest. They basically adopt western open-source for Russian government (review and such). Their browser is Chromium, machine learning is Tensor Flow, etc. They also work in cybersecurity for Russian government (including conducting attacks).
- blep-arsh 5y ago
  > They also work in cybersecurity for Russian government (including conducting attacks) Is there a source for that?

VWWHFSfQ 5y ago

What. They are absolutely not a "huge beneficiary from the war". The value of the company has plummeted and the only reason it isn't nearly worthless is because the stock can't be traded anymore.

repsilat 5y ago
Yandex is traded on the MOEX. It's priced around 1800 roubles/share, down from a pre-war high of around 6k and pre-COVID levels of around 3k. Beaten down, but not "nearly worthless", and it is traded. (Not on the NASDAQ though.)
- VWWHFSfQ 5y ago
  Oh I guess I didn't realize that Russia re-opened their stock exchange. Does anybody actually trade on it? Also > 1800 roubles/share This is nearly worthless
  - krab 5y ago
    The ban on selling shares by foreigners is probably still in place. So the price might be somewhat overestimated.
  - repsilat 5y ago
    Russians trade on it. Maybe they do have an overly rosy view of the company's fortunes, I dunno -- I don't know much about their business, how sensitive it is to the conflict and sanctions. The stock price movement is easier to reason about, I guess. By that metric they've had a worse year than Salesforce, Netflix, Uber, Google. I'd agree that the conflict isn't good for them, but "worthless" is a bit strong for my palate.

yafinder 5y ago

> Yandex is a huge beneficiary from the war This is not true. On the contrary, Yandex's business has suffered greatly. You can see it for yourself here https://www.nasdaq.com/market-activity/stocks/yndx https://www.nasdaq.com/market-activity/stocks/yndx The company's employees are almost universally opposed to the war, but opinions about exactly how it should be stopped are, indeed, conflicted.

the_mitsuhiko 5y ago
Let me clarify this: Yandex would clearly do better without the war but unlike many other companies it will come out ahead as it can pick up a lot of business through "import substitution".
ptnxlo 5y ago
Benefiting from something doesn't mean you won't suffer losses anyway. At this point which Russian company isn't performing negatively different since the day of the invasion?