Monday, June 30, 2008

Russian Search Engine: Where Google Isn't Goliath

"Want to know the distance from Moscow to St. Petersburg, the best place in town for borscht, or the weather in Novosibirsk? In most of the world you might Google the answer. But a Russian would more likely "Yandex" it. Few outside of Russia have heard of the Yandex search engine, but that may soon change. Yandex has 44 percent of the Russian market -- 10 points ahead of Google -- and is now the No. 2 search outfit in Europe, according to researcher comScore. Yandex is expected to list its shares on Nasdaq this fall, fetching as much as $2 billion. "

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