Russian court fines Google $20,000,000,000,000,000,000,000,000,000,000,000
- Reference: 1730235609
- News link: https://www.theregister.co.uk/2024/10/29/russian_court_fines_google/
- Source link:
To put that into perspective, the World Bank [1]estimates global GDP as around $100 trillion, which is peanuts compared to the prospective fine. Google might be one of the most valuable businesses on the planet, but even if Sundar Pichai rummages around the back of the sofa he won't be able to raise the funds to pay the penalty.
The bizarre amount has been calculated after a four-year court case that started after YouTube banned the ultra-nationalist Russian channel Tsargrad in 2020 in response to the US sanctions imposed against its owner. Following Putin's illegal invasion of Ukraine in 2022 more channels were added to the banned list and 17 stations are now suing the Chocolate Factory, including Zvezda (a TV channel owned by Putin's Ministry of Defence), [2]according to local media.
[3]
"Google was called by a Russian court to administrative liability under Art. 13.41 of the Administrative Offenses Code for removing channels on the YouTube platform. The court ordered the company to restore these channels," lawyer Ivan Morozov [4]told state media outlet TASS.
[5]
[6]
The court imposed a fine of 100 thousand rubles ($1,025) per day, with the total fine doubling every week. Owing to compound interest (Einstein's [7]eighth wonder of the world), Google is now on the hook for an insane amount of money, or what the judge on Monday called “a case in which there are many, many zeros.”
[8]Russia fines Google $374 million for letting the truth about Ukraine be told
[9]Google Russia goes broke after bank account snatched
[10]Russian 'troll factory' firebombed – but still fit to fiddle with our minds
[11]Putin reaches for nuclear option: Zuckerberg banned
Not that there's much chance of bankrupting Alphabet over the issue. Google in Russia has been inactive since 2022 after the search giant effectively pulled out of the country following Putin's special military operation. Google [12]says the Russian authorities had seized its bank accounts and the offshoot was essentially bankrupt. The ad-spreader had over 200 staff in Russia and, while some have been relocated, others were laid off.
The battle is now on in courts around the globe as Russia seeks to seize Google's assets, with little success. The Chocolate Factory certainly seems sanguine about it.
"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 reported in its last earnings [13]statement [PDF].
[14]
"We do not believe these ongoing legal matters will have a material adverse effect."
Google had no comment on the fine at time of going to publication. ®
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[1] https://data.worldbank.org/indicator/NY.GDP.MKTP.CD
[2] https://www.rbc.ru/technology_and_media/29/10/2024/671fd2389a794726b01d3af3
[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2ZyFpGnKFsntpXb-3spzSDgAAANA&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[4] https://tass.com/economy/1864291
[5] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZyFpGnKFsntpXb-3spzSDgAAANA&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33ZyFpGnKFsntpXb-3spzSDgAAANA&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[7] https://www.nasdaq.com/articles/this-is-the-8th-wonder-of-the-world-according-to-albert-einstein.-and-utilizing-it#:~:text=Einstein's%20observation,some%20wisdom%20in%20that%20assertin
[8] https://www.theregister.com/2022/07/19/russia_fines_google/
[9] https://www.theregister.com/2022/05/19/google_russia_bankruptcy/
[10] https://www.theregister.com/2018/10/10/russian_troll_factory_firebombed_with_minor_damage/
[11] https://www.theregister.com/2022/04/22/zuckerberg_ban_russia/
[12] https://www.theregister.com/2022/05/19/google_russia_bankruptcy/
[13] https://abc.xyz/assets/ae/e9/753110054014b6de4d620a2853f6/goog-10-q-q2-2024.pdf
[14] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_software/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZyFpGnKFsntpXb-3spzSDgAAANA&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[15] https://whitepapers.theregister.com/
I have
$20 billion in my wallet when not using it as a book mark. But even with hyperinflation money it would be impossible to pay that fine. Even pretending carbon atoms were dollars, that would be quite a bit of soot.
Re: I have
I worked it out when I heard this story earlier- it's approximately 19 orders of magnitude, i.e. 10^19 or 10,000,000,000,000,000,000 times larger than the yearly output of the entire world economy.
Which is nice.
Re: I have
> 19 orders of magnitude
This week,
>> with the total fine doubling every week.
Check out what it will be in a month or a year :)
Re: I have
Maybe if they adopt the leaf as legal tender?
World record?
Is that a world record, by any chance, for the size of a fine?
Anyway, I don't think that number is anywhere close to a googol.
;)
Re: World record?
It would theoretically get to a googol in a few years, but by that point the Russian Federation will have officially taken its place in the dustbin of history.
One good sanction deserves another
Russian court happy to lay sanctions on western businesses, and yet the irony of the reasons behind the sanctions - Russia being sanctioned - appears to have been completely wasted on them.
Not my joke, but apropos
"...[priceless object's] price tag uses 'kilo-GNP' to save time and zeroes. If you have to ask how many zeroes there would have been, you don't have enough zeroes."
Did the judge touch the tip of his extended pinky finger to the edge of his mouth as he announced the figure?
Ah, Putin's Special Financial Operation.
That's "Special" in the pejorative sense.
At least I could use Google to check the spelling of that.
“a case in which there are many, many zeros.”
Likely Google will be paying exactly that, zero.
Makes perfect sense
Given that Russian judges work on commission.
Just to be on the safe side, perhaps they should hold a couple of dollars in reserve.
The fine is denominated in roubles so will probably shrink in real money faster than it grows in compound interest.