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What’s On With Yandex Shares Today

Lithuania’s transport and economy ministers have asked Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, and Apple Inc (NASDAQ:AAPL) to remove the app for the…
byAnusuya Lahiri
February 28, 2022
1 minute read
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  • Lithuania’s transport and economy ministers have asked Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, and Apple Inc (NASDAQ:AAPL) to remove the app for the Yandex taxi ride-hailing service in the country, Reuters reports.
  • The app is a threat to Lithuanian national security, Lithuania’s transport minister Marius Skuodsi said.
  • Uber Technologies Inc (NYSE:UBER) and Russia’s Yandex NV (NASDAQ:YNDX) own the app. Uber holds a 29% stake in Yandex’s mobility businesses, Reuters notes.
  • Yandex halted for trading today as the Russian stock exchange is shut on the instruction of the Russian Central bank. 
  • Price Action: YNDX shares traded lower by 21.3% at $14.91 in the premarket on the last check Monday.
 
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