Yandex: ‘Plenty of room’ despite growing Google threat

Russia’s most popular search engine, Yandex, has lost a significant chunk of its market share over the past year — but announcing a 50 percent increase in profits for the first quarter of this year, CEO Arkady Volozh says there’s still lots of room to keep growing.

Yandex Adds Twitter Deal To Power Real-Time Search

Search engine Yandex is looking to extend its dominance in Russia through a deal to access Twitter’s firehose — allowing users to search millions of incoming tweets in real time. The deal gives Yandex access to Twitter’s firehose, and allows users to search it at twitter.yandex.ru, giving them almost instant access to vast troves of data streaming off the messaging service.

If the shoe fits: Ozon, Russia’s Amazon, buys Sapato

In a move that echoes Amazon’s purchase of Zappos back in 2009, Russian web store Ozon is buying online shoe seller Sapato.ru — a deal that Ozon CEO Maelle Gavet says will turn it into a “powerhouse online retailer”.

GigaOM Euro 20: The European startups to watch

For years, Europe’s startup community has been painted as the undernourished younger cousin of Silicon Valley. In reality, Europe’s web scene is now thriving. and we’ve compiled a list featuring some of the best and brightest European web startups — what we’re dubbing the GigaOM Euro 20.

Russia’s Yandex Hit By Political Storm Ahead of IPO

Russia’s biggest search engine, Yandex, plans to cash in by going public on the Nasdaq — but its bid for the big time is being hit by concerns of political interference and revelations that it has handed private user data over to the Russian security services.