Yandex (NASDAQ:YNDX) swooned on news that Russia has invaded Ukraine and is down 54% as of the time of this writing. The stock closed at $20.32, though it was as low as $14 during the day. On November 8, 2021, it was $86.47 and has lost over 75% of its value since then. Ouch.
Crypto also nose-dived (thanks to LET’s @Tony40!), with BitCoin down as much as 7.9% to $34,324, though has recovered some of that ground.
Thinking about other possible repurcussions in this still-young crisis, here are some things to keep your eye on:
- Other Russian stocks have taken a hit.
- Russia has potent cyber attack (and defense, presumably) capabilities and will undoubtedly use them.
- Additionally, Russian propaganda in the West, while more uneven and less measurable, will be deployed.
- Ukraine has 200,000+ software developers. Apparently, Fiverr has significant staff there, as do several other Web companies including Wix.
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raindog308 is a longtime community LETizen, technical writer, and self-described techno polymath. With deep roots in the *nix world, he has a passion for systems both modern and vintage, ranging from Unix, Perl, Python, and Golang to shell scripting and mainframe-era operating systems like MVS. He’s equally comfortable with relational database systems, having spent years working with Oracle, PostgreSQL, and MySQL.
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