Victim of circumstances: Analysis of Yandex (NASDAQ:YNDX)
"The invisible hand of the market always moves faster and better than the heavy hand of government."
- Mitt Romney
Yandex is known as Russia’s Google with just over 50% of search engine market share in Russia. Yandex is also the leading search engine in some other former Soviet republics. Worldwide Yandex is the fifth most popular search engine with 0.61% of market share. In comparison, Google has over 90% of market share.