- cross-posted to:
- world
- cross-posted to:
- world
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To put that into perspective, the World Bank estimates global GDP as around $100 trillion, which is peanuts compared to the prospective fine. Google would therefore have to find more money than exists on Earth to pay Moscow
Yeah, uhm… let’s get into a 1000x more severe depression than 1929 to get the money printed, eh?
Does anyone know the name of the number with that many zeroes?
First sentence of the article: A Russian court has ruled that Google owes Russian media stations around $20 decillion in fines for blocking their content, and the fines could get bigger.
So no one? I assume that’s what you said tbh I didn’t read the whole thing.
It’s 20 decillion dollar
Sheesh, well why don’t they just say that in the first paragraph of the article /s
On one hand, fuck Russia.
On the other hand…
The court imposed a fine of 100 thousand rubles ($1,025) per day, with the total fine doubling every week.
…I really wish western governments had the balls to impose fines like this on tech companies when they engage in actual fuckery.
That “fuckery” was blocking Russian propaganda on YouTube due to US sanctions.
Fines need to be payable, otherwise they are a joke. A large chunk of global revenue GDPR-style is reasonable because it really hurts the profits but it’s still small enough that the company can pay it, and it will incentivize the company to change their practices. If the company (or anyone) gets a fine they can’t pay they will just ignore it, so it only makes sense if you want to kick out the company out of your country, in which case you should skip the extra steps.
russia is such a deeply unserious country
“we need money to fund our special military operation kthxbye”
Headline writer should have learned scientific notation
I think that it’s more impactful this way.
To put that into perspective, the World Bank estimates global GDP as around $100 trillion, which is peanuts compared to the prospective fine. Google would therefore have to find more money than exists on Earth to pay Moscow
I’m not sure that GDP is the best number to use here. That’s annual economic activity. I’d think that that wealth would be more-interesting.
According to this:
https://en.wikipedia.org/wiki/List_of_countries_by_total_wealth
…total global household wealth in 2022 – which I imagine is closer to what one wants – is about $454 trillion.
Just 440528634361233480160 times the global wealth. Sounds like a reasonable value, decided by a judge that was definitely not drunk.
Russia is doing so well with its invasion that it can issue multi-million dollar fines.
I guess technically that’s multi-million…
That’s getting close to googleplex rubles!
So about $3.50
I had just given Putin tree fiddy the week before
