Current:Home > StocksRussian court orders Google to pay $20 decillion for blocking media on YouTube: Reports -MarketPoint
Russian court orders Google to pay $20 decillion for blocking media on YouTube: Reports
View
Date:2025-04-23 13:06:34
A Russian court is demanding that Google pay $20 decillion American dollars after several of the country's TV channels and media outlets were blocked from YouTube, according to multiple reports.
The fine, which is 20 with 33 zeros attached, is a 37-digit figure. The excessive number comes from a Moscow court that imposed it after 17 of the country's TV channels and media platforms were blocked from YouTube, which Google owns, Russian news outlet RBC reported.
The blocking of the channels occurred after Russian President Vladimir Putin ordered the invasion of Ukraine in 2022. The fine is significantly more than Google's market value of $2.15 trillion, but not higher than a googol, which contains 100 zeroes.
Google's name was inspired by the word "googol" in 1997 after initially being called "BackRub," Business Insider reported.
“Although it is a specific amount, I cannot even say this number, it is rather filled with symbolism,” Kremlin spokesman Dmitry Peskov told NBC News. "The company should not restrict our broadcasters on their platform. This should be a reason for the Google leadership to pay attention to this and improve the situation.”
USA TODAY contacted Google and the Kremlin on Thursday but did not immediately receive a response.
Secretary of State Antony Blinken:8,000 North Korean troops in Kursk could join Ukraine war in days
Google's fine from Russia could get bigger
The case against Google began in 2020 when the tech giant blocked channels belonging to Wagner Group mercenary chief Yevgeny Prigozhin and oligarch Konstantin Malofeev, both of whom are strong supporters of Putin, according to NBC News. The case expanded and the fine increased when YouTube banned more channels following Russia's invasion of Ukraine in 2022, per the outlet.
Google's Russian legal entity, Google LLC, filed for bankruptcy in June 2022, RBC reported. In November 2023, the court declared Google bankrupt, the outlet said.
To avoid further financial punishment, Google would need to restore the YouTube channels within nine months, with a fine of 100,000 rubles (around $1,000) being enforced each day of non-compliance, RBC reported. This amount doubles every week until Google abides by the order, and there is no limit on the amount of the fine, the outlet said.
Alphabet: 'We have ongoing legal matters relating to Russia'
Alphabet, Google's parent company, had a 1.2% decrease in premarket trading after closing about 3% higher Wednesday when the company released its quarterly earnings.
In the "Legal Matters" section of Alphabet's third-quarter earnings release, the company said, "We have ongoing legal matters relating to Russia. For example, civil judgments that include compounding penalties have been imposed upon us in connection with disputes regarding the termination of accounts, including those of sanctioned parties.”
Alphabet added, “We do not believe these ongoing legal matters will have a material adverse effect.”
veryGood! (81)
Related
- The Daily Money: Spending more on holiday travel?
- Timberwolves forward Karl-Anthony Towns out indefinitely with torn meniscus, per report
- 17-year-old boy dies after going missing during swimming drills in the Gulf of Mexico
- Was Facebook down on Super Tuesday? Users reported outages on primary election day
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Save 40% on a NuFACE Device Shoppers Praise for Making Them Look 10 Years Younger
- Why Elon Musk and so many others are talking about birth control right now
- These Hidden Gems From Kohl’s Will Instantly Make You Want to Shop There Again
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Jane Fonda, 'Oppenheimer' stars sign open letter to 'make nukes history' ahead of Oscars
Ranking
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Justin Timberlake announces free, one night concert in Los Angeles: How to get tickets
- This 'Euphoria' star says she's struggled with bills after Season 3 delays. Here's why.
- Justin Timberlake announces free, one night concert in Los Angeles: How to get tickets
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Kentucky high school evacuated after 'fart spray' found in trash cans, officials say
- What to know about abortion provider Dr. Caitlin Bernard, a guest at State of the Union
- Movie Review: John Cena gets the laughs in middling comedy ‘Ricky Stanicky’
Recommendation
The Grammy nominee you need to hear: Esperanza Spalding
Investigators say they confirmed pilots’ account of a rudder-control failure on a Boeing Max jet
Customers blast Five Guys prices after receipt goes viral. Here's how much items cost.
State of the Union guests spotlight divide on abortion and immigration but offer some rare unity
Former Syrian official arrested in California who oversaw prison charged with torture
Inter Miami star Jordi Alba might not play vs. Nashville SC in Champions Cup. Here's why.
Dodgers provide preview of next decade as Shohei Ohtani, Yoshinobu Yamamoto play together
What to know about abortion provider Dr. Caitlin Bernard, a guest at State of the Union