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Technology Stocks : Yandex N.V.
YNDX 18.940.0%Mar 5 3:00 PM EDT
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To: Glenn Petersen who wrote (69)4/18/2017 2:42:27 PM
From: zax  Read Replies (1) of 78
 
Yandex has had a couple of very good days as a result of this:

Google has reached a $7.8 million antitrust settlement with Russian watchdog group FAS. According to BGR, the company will loosen restrictions on Android's built-in search engines to allow for Russian competitors to take a share of the pie. From the report:

Android's heavy reliance on Google services is to be expected, but in 2015 the Russian antitrust group -- officially the Federal Antimonopoly Service -- ruled that Google was breaking the law by forcing users to lean on Google for search. The ruling was the result of a complaint filed by Yandex, a Russian competitor to Google that runs the largest search engine in the country as well as web mail, news, maps, and other services. Google's settlement of the issue comes with the condition that Android will no longer lock down the search engine to Google, and must allow users the ability to change it if they want from within the Chrome web browser. Google will also loosen its exclusivity of the default apps on Android devices sold in Russia, potentially allowing for Yandex and other regional competitors to muscle in and replace the built-in apps with their own versions, depending on user preference.

via Slashdot
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