{"id":120286,"date":"2024-10-31T03:02:45","date_gmt":"2024-10-30T20:02:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=120286"},"modified":"2024-10-31T03:02:45","modified_gmt":"2024-10-30T20:02:45","slug":"russia-fines-google-20-5-decillion-more-than-the-entire-worlds-gdp","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=120286","title":{"rendered":"Russia fines Google $20.5 decillion &#8212; more than the entire world&#8217;s GDP"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>Why fine Google $1 million when you can fine it $20.5 decillion? <\/p>\n<p>A Russian court has ordered Google to pay a fine worth more than the entire world\u2019s GDP \u2014 with an additional $1 million daily penalty \u2014 after the tech giant allegedly <a href=\"https:\/\/nypost.com\/2024\/08\/26\/business\/russia-seizes-100m-from-google-to-fund-war-propaganda-report\/\">barred pro-Moscow propaganda channels<\/a> on YouTube.<\/p>\n<p>The absurd amount would be written as 20 followed by 33 zeros, which far eclipses<a href=\"https:\/\/nypost.com\/2024\/10\/29\/business\/google-parent-alphabet-revenue-jumps-15-on-ai-investments\/\"> Google\u2019s own $2 trillion value<\/a> \u2014 and is akin to the outrageous ransom demands made by the fictional Dr. Evil in the Austin Powers movie franchise.\u00a0\u00a0\u00a0<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Russian courts ordered Google to pay $20.5 decillion for allegedly barring channels spreading propaganda in favor of Vladimir Putin\u2019s invasion of Ukraine. <span class=\"credit\">POOL\/AFP via Getty Images<\/span><\/figcaption><\/figure>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>The fine, which amounts to more than the world\u2019s GDP, is akin to Dr. Evil\u2019s unrealistic ransom demands from the Austin Powers franchise.  <span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>The penalty, first reported by Russia\u2019s <a href=\"https:\/\/www.rbc.ru\/technology_and_media\/29\/10\/2024\/671fd2389a794726b01d3af3\" target=\"_blank\" rel=\"noreferrer noopener\">RBC state news agency<\/a>, was issued Tuesday as the result of an initial $1 million fine levied against the company four years ago for banning the pro-Kremlin YouTube channels Tsargrad and RIA FAN. <\/p>\n<p>Russian courts had warned at the time that the amount would double every day until the balance was paid and the YouTube accounts restored. <\/p>\n<p>Google shut down its Russian division in 2022 following <a href=\"https:\/\/nypost.com\/2024\/09\/17\/world-news\/1-million-now-dead-or-wounded-in-russia-ukraine-war\/\">Moscow\u2019s invasion of Ukraine<\/a>, with its local subsidiary declaring bankruptcy. <\/p>\n<aside class=\"single__inline-module aligncenter wp-block-nypost-editor-primary-tag\">\n<\/aside>\n<p>The company also closed its Google AdSense in Russia over the summer, meaning local content creators would \u201cno longer be able to receive monetization.\u201d <\/p>\n<p>Google and its YouTube services have remained accessible to Russians, with the legal battle taking a turn in August when Moscow seized more than $100 million from Google\u2019s bankruptcy entity to help fund the war in Ukraine, <a href=\"https:\/\/www.telegraph.co.uk\/business\/2024\/10\/30\/russian-court-fine-google-more-world-gdp\/\" target=\"_blank\" rel=\"noreferrer noopener\">the Telegraph reports<\/a>. <\/p>\n<p>Russia touted that the money was handed to the channels blocked by Google, including Tsargrad, which is owned by oligarch Konstantin Malofeev, according to court documents. <\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Google, one of the world\u2019s richest companies, has a network of only $2 trillion.  <span class=\"credit\">ZUMAPRESS.com<\/span><\/figcaption><\/figure>\n<p>\u201cTsargrad received 1 billion roubles from the seizure, which it said it would use to support Russia\u2019s war in Ukraine,\u201d Google\u00a0said in one of the court filings. <\/p>\n<p>Google is fighting efforts by Russian broadcasters seeking to enforce the fines in other countries, including Turkey, South Africa and Serbia. <\/p>\n<p>The company appeared unfazed by Russia\u2019s demands in its latest earnings reports published Tuesday night. <\/p>\n<p>\u201cWe do not believe these ongoing legal matters will have a material adverse effect,\u201d it stated. <\/p>\n<p>The news appears to also have had no impact on Google\u2019s parent company, Alphabet, which saw its stocks rise by more than 5% as of Wednesday morning. <\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/nypost.com\/2024\/10\/30\/world-news\/russia-fines-google-20-5-decillion-more-than-the-entire-worlds-gdp\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why fine Google $1 million when you can fine it $20.5 decillion? A Russian court has ordered Google to pay a fine worth more than the entire world\u2019s GDP \u2014 &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=120286\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-120286","post","type-post","status-publish","format-standard","hentry","category-world","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/120286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120286"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/120286\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}