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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Dread Lord of LowEnd Content at LowEndBox
I'm raindog308, techno polymath and long-time LowEndTalk community Administrator. My technical interests include all things Unix, perl, python, golang, shell scripting, vintage operating systems such as MVS, and relational database systems such as Oracle, PostgreSQL, and MySQL.
I also enjoy using LEBs! I have an empire of little guys for VPNs, larger guys for apps, and big guys for databases and storage. When I'm not in front a screen I'm into German Shepherd dogs, quality knives, target shooting, theology, tabletop roleplaying games, and forest hiking.
I enjoy writing technical articles here on LowEndBox to help people get more out of their systems. You can find me on LowEndTalk @raindog308
I also enjoy using LEBs! I have an empire of little guys for VPNs, larger guys for apps, and big guys for databases and storage. When I'm not in front a screen I'm into German Shepherd dogs, quality knives, target shooting, theology, tabletop roleplaying games, and forest hiking.
I enjoy writing technical articles here on LowEndBox to help people get more out of their systems. You can find me on LowEndTalk @raindog308
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