> Arkady Volozh, the tech entrepreneur behind Yandex—the Russian equivalent to search engines like Google and Yahoo—has seen the value of his stake in Russia’s top tech giant fall by over 60% since last Thursday, the day Putin attacked Ukraine. Volozh himself lost more than $400 million that day, as Russia’s wider business community reeled from Putin’s war and the subsequent sanctions imposed thereafter. Volozh, whose net worth hit a high of $2.6 billion, is now worth $580 million, Forbes estimates.
Right now, some people condemn Yandex News for censoring the feed and not spreading the truth about the war from a few independent russian online newspapers. Yandex is infamous for bending over to the regime and abiding by its unjust laws.
The dream for Russia appears to be that the world is bisected in two technologically and Russia is able to hoard its whole market to itself with companies like JetBrains and Yandex.
In reality, it seems like China would swoop in and capture the Russian market themselves. After all, China's support is the only thing keeping this war afloat and Russia won't be able to ignore their generosity when this is all over.
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[ 3.3 ms ] story [ 19.7 ms ] threadIn reality, it seems like China would swoop in and capture the Russian market themselves. After all, China's support is the only thing keeping this war afloat and Russia won't be able to ignore their generosity when this is all over.