Kremlin Search Engine Sputnik Could Close Amid Massive Losses — Reports

</p> <p>Russia’s Kremlin-backed search engine<br /> could soon close after capturing less than one percent of the<br /> country’s online market.</p> <p>Launched in early 2014, the Sputnik<br /> search engine prioritized government sources for Russian internet<br /> searches. The project, which initially cost some $20 million dollars,<br /> also hoped to see Russia’s state media harness the power of larger<br /> news aggregators such as Yandex and Google, the Vedomosti newspaper<br /> reported Friday. </p> <p><span>But huge losses and low user<br /> numbers could soon force the company to focus on new projects or even<br /> close for good, several sources close to the company told Vedomosti.</span><br /> </p><div class="gnmun66734c574c01f" ><!-- Yandex.RTB R-A-749142-1 --> <div id="yandex_rtb_R-A-749142-1"></div> <script type="text/javascript"> (function(w, d, n, s, t) { w[n] = w[n] || []; w[n].push(function() { Ya.Context.AdvManager.render({ blockId: "R-A-749142-1", renderTo: "yandex_rtb_R-A-749142-1", async: true }); }); t = d.getElementsByTagName("script")[0]; s = d.createElement("script"); s.type = "text/javascript"; s.src = "//an.yandex.ru/system/context.js"; s.async = true; t.parentNode.insertBefore(s, t); })(this, this.document, "yandexContextAsyncCallbacks"); </script></div><style type="text/css"> @media screen and (min-width: 1201px) { .gnmun66734c574c01f { display: block; } } @media screen and (min-width: 993px) and (max-width: 1200px) { .gnmun66734c574c01f { display: block; } } @media screen and (min-width: 769px) and (max-width: 992px) { .gnmun66734c574c01f { display: block; } } @media screen and (min-width: 768px) and (max-width: 768px) { .gnmun66734c574c01f { display: block; } } @media screen and (max-width: 767px) { .gnmun66734c574c01f { display: block; } } </style> <p><span>Sputnik’s revenues amounted to 136.6<br /> million rubles in 2014, leaving losses of some 150.5 million rubles,<br /> according to data from SPARK-Interfax. The company has been unable to<br /> capture even 1 percent of the Russian search market, referring just<br /> 100,823 users on to other sites in April 2016.</span><br /> </p> <p><span>The statistics leave the company<br /> trailing behind regional leaders such as Yandex (with 54 percent of<br /> the market share), and Google (with 40.8 percent.)</span><br /> </p> </div> </div> <div class="wp-block-template-part"> <div style="height:0" aria-hidden="true" class="wp-block-spacer"></div> <div class="wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained" style="margin-top:var(--wp--preset--spacing--70)"> <hr class="wp-block-separator alignwide has-css-opacity is-style-wide"/> <div class="wp-block-columns alignwide has-small-font-size is-layout-flex wp-container-core-columns-layout-1 wp-block-columns-is-layout-flex" style="margin-top:var(--wp--preset--spacing--30)"> <div class="wp-block-column is-layout-flow wp-container-core-column-layout-1 wp-block-column-is-layout-flow"> <div class="wp-block-group is-layout-flex wp-container-core-group-layout-4 wp-block-group-is-layout-flex"> <p> Posted </p> <div class="wp-block-post-date"><time datetime="2017-05-11T10:10:00+00:00">May 11, 2017</time></div> <p> in </p> <div class="taxonomy-category wp-block-post-terms"><a href="https://cultureru.com/category/news/" rel="tag">News</a></div> </div> <div class="wp-block-group is-layout-flex wp-container-core-group-layout-5 wp-block-group-is-layout-flex"> <p> by </p> <div class="wp-block-post-author"><div class="wp-block-post-author__content"><p class="wp-block-post-author__name">admin</p></div></div> </div> </div> <div class="wp-block-column is-layout-flow wp-container-core-column-layout-2 wp-block-column-is-layout-flow"> <div class="wp-block-group is-vertical is-layout-flex wp-container-core-group-layout-6 wp-block-group-is-layout-flex"> <p> Tags: </p> </div> </div> </div> </div> </div> <section class="wp-block-template-part"> <div class="wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained" style="padding-top:var(--wp--preset--spacing--40);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--40);padding-left:var(--wp--preset--spacing--40)"> </div> </section> </main> <footer class="wp-block-template-part"> <!-- Yandex.Metrika counter --> <script type="text/javascript" > (function(m,e,t,r,i,k,a){m[i]=m[i]||function(){(m[i].a=m[i].a||[]).push(arguments)}; m[i].l=1*new Date(); for (var j = 0; j < document.scripts.length; j++) {if (document.scripts[j].src === r) { return; }} k=e.createElement(t),a=e.getElementsByTagName(t)[0],k.async=1,k.src=r,a.parentNode.insertBefore(k,a)}) (window, document, "script", "https://mc.yandex.ru/metrika/tag.js", "ym"); ym(45733521, "init", { clickmap:true, trackLinks:true, accurateTrackBounce:true }); </script> <noscript><div><img decoding="async" src="https://mc.yandex.ru/watch/45733521" style="position:absolute; left:-9999px;" alt="" /></div></noscript> <!-- /Yandex.Metrika counter --> <div class="wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained"> <div class="wp-block-group alignwide is-content-justification-space-between is-layout-flex wp-container-core-group-layout-10 wp-block-group-is-layout-flex" style="padding-top:var(--wp--preset--spacing--40)"> <p class="wp-block-site-title"><a href="https://cultureru.com" target="_self" rel="home">Culture</a></p> <p class="has-text-align-right"> Proudly powered by <a href="https://wordpress.org" rel="nofollow">WordPress</a> </p> </div> </div> </footer> </div> <script type="text/javascript">(function(w,doc) { if (!w.__utlWdgt ) { w.__utlWdgt = true; var d = doc, s = d.createElement('script'), g = 'getElementsByTagName'; s.type = 'text/javascript'; s.charset='UTF-8'; s.async = true; s.src = ('https:' == w.location.protocol ? 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