- 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.
Cisco Continues Its Startup Acquisition Journey Despite Cost Challenges
The networking hardware maker reported earnings last week, with earnings coming in better than expected but guidance came in slightly below what analysts had expected.
