10-30-2024, 09:56 AM
(10-30-2024, 09:47 AM)Kurokage Wrote: Russia fines Google...
This is obviously a very sad and childish attempt by the Kremlin and Russian courts to 'attack' a western company for removing it's propaganda channels on Youtube, and I see no way Google even acknowledging this laughable fine. Do the members here think this will have any impact on Google and it's future. Once Putin is removed, do you think this will effect Googles future return to Russia?
Googles latest 10-Q is a fun read; legal liability is simply a cost of doing business to them. But they are explicitly not scared of Russia:
Quote:We are subject to claims, lawsuits, regulatory and government investigations, other proceedings, and consent
orders involving competition, intellectual property, data security, tax and related compliance, labor and employment,
commercial disputes, content generated by our users, goods and services offered by advertisers or publishers using
our platforms, personal injury, consumer protection, and other matters. For example, we periodically have data
incidents that we report to relevant regulators as required by law. Such claims, consent orders, lawsuits, regulatory
and government investigations, and other proceedings could result in substantial fines and penalties, injunctive
relief, ongoing monitoring and auditing obligations, changes to our products and services, alterations to our
business models and operations, and collateral related civil litigation or other adverse consequences, all of which
could harm our business, reputation, financial condition, and operating results.
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. We do not believe these ongoing legal matters will have a material adverse effect.
Someone's got their back.
https://abc.xyz/assets/ae/e9/75311005401...2-2024.pdf