Jun 232015
 
 June 23, 2015  Business, Laws, Non-U.S., Online

Aleksandra Gjorgievska reports:

Yandex NV fell for a sixth day in New York,the longest losing streak since March, as the Russian parliament considers an Internet privacy bill that could impose regulatory costs on the country’s biggest search engine.

The shares sank 3 percent to $16.26 on Monday, the lowest close since April 2. The stock has declined 7.7 percent since June 12. The so-called right-to-be-forgotten bill, which passed in first reading in the lower house of the Russian parliament last week, would allow people to ask search engines like Yandex to delete information they consider “unreliable” or is older than three years from online search results.

Read more on Bloomberg.

Sorry, the comment form is closed at this time.