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Yandex: Proving Itself As Russia’s Google And Uber And eBay


It’s easy to get excited about Yandex (YNDX). It’s Google (GOOG), Uber and eBay (EBAY) (or maybe better: MercadoLibre (MELI)) combined, active in (potentially) emerging markets. The better-than-expected results helped shares of Yandex to recover some ground after hitting a resistance level at $23. Investors could be worried about a loss in market share for the Yandex search engine. But Yandex.Market is performing very strong, as is Yandex.Taxi. This leads to a higher sum-of-the-parts valuation. More details can be read in the following contribution for Seeking Alpha: Yandex: Proving Itself As Russia’s Google And Uber And eBay