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Benzinga
Benzinga
Politics
Anusuya Lahiri

Google's Russia Subsidiary To File For Bankruptcy

Google Russia Nasdaq Alphabet Inc Android Gmail Wall Street Journal
  • Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Russian subsidiary looks to file for bankruptcy, unable to pay employees and suppliers, the Wall Street Journal reports.
  • An earlier move by authorities to seize its bank account made it difficult to continue operations in the country.
  • Google had already paused most of its commercial operations in Russia, including all advertising after they accused YouTube of spreading misinformation and stoking protests.
  • Google will keep free services like Search, YouTube, Gmail, Maps, Android, and Play.
  • Price Action: GOOG shares traded lower by 2.90% at $2,266.31 on the last check Wednesday.
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