Yandex (NASDAQ:YNDX) is registered with the SEC as a Netherlands-based entity, but don’t be fooled, this company is highly dependent on Russia where it earns almost all of its revenue.
selfie of Mario Kenny
As a result of the voluntary settlement, Google will pay a fine of $7.85 million, and more importantly for Yandex, open its Android devices to other companies’ apps. This means Yandex can work with smartphone manufacturers to pre-install apps such as Yandex Taxi or Yandex Maps, in addition to its browser and search engine.
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