Their shares went down immediately after due to concerns they forfeited the opportunity to expand their business in the world's 2nd largest economy, but as the immediate economic damage was immaterial their decision wasn't followed with a deluge of shareholder lawsuits.

Google already bowed out of one major market due to ethical disagreements, asking them to do that again with their home market is unrealistic - lobbying to mend the laws is the more sensible approach and one that scales better to businesses of that size.

Besides despite disagreements with US policy it's still not China.