- Alphabet Inc's GOOG 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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