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Yandex (YNDX -13.5%) plunges after a meeting with some hedge funds fails to go smoothly, and...

Yandex (YNDX -13.5%) plunges after a meeting with some hedge funds fails to go smoothly, and raises fears of declining search market share. Yandex has issued a (poorly-worded) statement claiming its CEO may have been misunderstood during the meeting, but admitting the presence of "increased competitive pressure from Google" (GOOG).
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Comments (2)
  • emburns
    , contributor
    Comments (218) | Send Message
     
    So upsetting, selling if it hits $20...looking at a loss of $15/share.
    28 Sep 2011, 02:31 PM Reply Like
  • jbnaples
    , contributor
    Comments (24) | Send Message
     
    Perhaps Russia should do for YNDX what China did for BIDU and throw Google out!
    29 Sep 2011, 07:51 AM Reply Like
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