Alphabet shares fall on report of covered-up Google+ data vulnerability

Alphabet shares fall on report of covered-up Google+ data vulnerability

Alphabet Inc. GOOG, -2.15% GOOGL, -2.44% shares declined Monday following a report that Google did not notify hundreds of thousands of users about leaving their data exposed. Alphabet class A shares declined 2.5% and class C shares fell 2.3% in recent activity, while the S&P 500 index SPX, -0.65% was down 0.6%. According to The Wall Street Journal, Alphabet knew about a software glitch this past spring that left data from users of the Google+ social network exposed but did not disclose it for fear of reputation damage and regulatory inquiry. According to The Wall Street Journal, Alphabet knew about a software glitch this past spring that left data from users of the Google + social network exposed but did not disclose it for fear of reputation damage and regulatory inquiry. As a result, Alphabet is closing down “all consumer functionality” of Google+, which never quite became an effective competitor to Facebook Inc. FB, -0.90%

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