The post Russia hits Google with a colossal $20 decillion penalty, an amount more than the whole global economy appeared on BitcoinEthereumNews.com.

A Russian court has fined Google $20 decillion. The amount surpasses the collective money supply in the world.  Google caused offense to Russian media by blocking the accounts that belonged to multiple pro-Kremlin TV channels on YouTube. The penalty amount that has brought global attention to the case reflects the symbolic statement of their frustration towards Western tech companies. This is also escalating the tension between the tech giant and Russia following the international sanction to limit the country’s political and economic influence post-Ukraine invasion. The case was put forward by 17 Russian broadcasters which included Russia 1 and the platform related to Putin’s number 1 supporter, Margarita Simoyan. She is also a present from Russia Today. The Russian judges were bound to put a humongous fine on Google since they removed the abovementioned accounts under the restrictive measures. According to a Russian news outlet RBC, the Moscow judge described the fine as; “a case in which there are many, many zeros”. The fine was set at 100,000 rubbles daily multiplying every 24 hours since 2020. The resulting penalty sum has now grown into $20, 000,000,00 0,000,000, 000,000,000,0 00,000,000 not only exceeding Google’s total revenue of $88.2 billion and with a market cap of $2 trillion but also the total global economy estimate of $100 trillion as per World Bank.     Source: https://www.cryptopolitan.com/russia-hits-google-with-a-colossal-20-decillion-penalty-an-amount-more-than-the-whole-global-economy/

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Filed under: News - @ October 30, 2024 4:26 pm