- A Russian court penalized Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google 21.1 billion roubles ($373 million) for repeatedly failing to remove content that Moscow considered illegal, Reuters reports citing the state communications regulator Roskomnadzor.
- Russia has long opposed foreign tech platforms’ content distribution failing its restrictions. However, the simmering dispute evolved into a full-fledged battle since Moscow’s invasion of Ukraine. US restricted operations of its companies in the country as a mark of protest.
- Also Read: Russia Fined These US Companies Over Data Privacy Breach
- In 2021, Russia penalized Google for 7.2 billion roubles for failing to remove or bar content.
- Russia seized Google’s Russian bank account, prompting the subsidiary to file for bankruptcy.
- In June, Russia held YouTube responsible for spreading false information about the Ukraine crisis, allowing content promoting extremist views and unauthorized protests.
- Price Action: GOOG shares traded lower by 0.09% at $112.67 on the last check Monday.
Crude Oil Down 2%; Tesla Deliveries Top Estimates
U.S. stocks traded mostly lower toward the end of trading, with the Nasdaq Composite falling more than 250 points on Tuesday.
The Dow traded up 0.01% to 37,691.77 while the NASDAQ fell 1.78% to 14,743.80. The S&P 500 also fell, dropping, 0.66% to 4,738.37.
