... decision was driven by the company’s stable financial position and a desire to maintain management flexibility. The CarMoney example illustrates that direct listings are feasible in the Russian market, even though such occurrences remain infrequent. The limited number of direct listings is associated with the lower liquidity of the Russian market and companies' preferences to attract capital via traditional IPOs. When to Choose a Direct Listing? A direct listing is suitable for companies that already ...

... blockchains and smart contracts is highly competitive. The emergence of faster or more convenient solutions (other L1 blockchains or popular Ethereum Layer-2 solutions) could slow the influx of users and capital into the Avalanche ecosystem, potentially limiting AVAX's price growth. Technical risks: No technological platform is immune from failures or vulnerabilities. Potential technical issues with the Avalanche network itself or successful attacks on protocols and applications (e.g., hacks of decentralized ...

... on video games should be regulated and not interfere with other aspects of life. If approached wisely, video games can become an ally in a child’s development rather than an adversary. Choose games that foster cognitive skills, set reasonable time limits, and take an interest in your child's achievements within virtual worlds. This way, gaming engagement will not be a waste of time but a catalyst for intellectual growth and the acquisition of new skills.

... 2023–2025: After losing the European market, the Russian gas giant was unable to fully redirect its focus to other regions. Supplies to China and other Asian countries are increasing, but this is insufficient to compensate for previous volumes. With limited access to international capital and a lack of foreign investment in the Russian stock market, Gazprom’s value has fallen to its current ~$38 billion. Just a decade ago, Gazprom's management harbored ambitions of reaching a trillion-dollar valuation; ...

... 2024 (approximately 349 billion rubles, -1% year-on-year). There is a steady increase in fees from banking card transactions and payment services; however, the impact of last year's high base and a slowdown in business activity in the second quarter limited total fee growth. Overall, the robust growth of interest income combined with stable fee income confirms the resilience of Sber's diversified business model. Operating Expenses Under Control Sber's management continues to keep expense growth in ...