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Google faces nearly $100 million fine in Russia over failure to delete banned content

The Verge

billion rouble fine is around eight percent of Google’s revenue in Russia, Reuters reports , and comes amid a broader push within the country to exert more control over big tech companies and the content people publish on their platforms. This isn’t Google’s first fine in Russia over its content moderation.

Russia 85
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How global unrest will impact innovation in 2023

TechCrunch

The worldwide battle with COVID, the Ukraine-Russia conflict and the economic fallout of the COVID lockdowns and supply chain disruptions have together created a painful combination of a global recession, global inflation and unpredictable instability in the worldwide economy.

Global 86
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Will VC investment into Chinese startups slow as the country’s tech stocks shatter?

TechCrunch

Shares of Chinese technology companies are selling off at home and abroad this week as the nation’s ties to Russia add to investor uncertainty at the expense of China’s tech industry. After all, when the market’s risk tolerance flips, we often see more conservative behavior from money managers, right?

Tech 82
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TechCrunch+ roundup: Stripe vs. Plaid, IP litigation, what VCs really think about the downturn

TechCrunch

Natasha Mascarenhas obtained emails from Y Combinator, Lightspeed, Reach and January Ventures that contained standard suggestions for conserving runway and rethinking valuations in “an extremely capital constrained environment.” ” In short: save your money, and if you plan to ask for more, expect less generous terms.

Cisco 85
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TechCrunch+ roundup: SaaS success stats, leveraging ad tech chaos, 2022 layoff trends

TechCrunch

And it was presaged by falling public markets that, we presume, allowed some private companies to conserve cash in anticipation of, say, a more conservative funding market.” Russia’s invasion of Ukraine changed that, however. ” Today’s startup layoffs have nothing on the 2020 correction.

Stats 80
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TechCrunch+ roundup: 3 views on Epic-Bandcamp deal, SPAC letdown, CIO sales strategy

TechCrunch

And that’s the problem — if SPACs had been used more conservatively, they could have leveraged their moment in the sun as a way to get more companies public that deserved it.” ” Just how wrong were those SPAC projections? As war escalates in Europe, it’s ‘shields up’ for the cybersecurity industry.

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ClearBank, a UK banking rails provider, raises $230M from Apax to expand into Europe and the US

TechCrunch

PitchBook notes that as of the end of December, ClearBank’s valuation was just under £274 million, which likely puts the current valuation at $590 million at its most conservative estimate. Just look at the discussions on SWIFT and cutting off Russia, and how slow that has been moving.” “Europe and and the U.S.

Europe 79