Alphabet Investors Sue Over Google+ Security Flaw

The transcript discusses a software bug at Google that potentially exposed user data. Google chose not to disclose the issue, leading to investor and legal scrutiny. Despite the incident, Google's financial stability remains strong, with minimal market impact. The discussion compares Google's situation to Facebook's past privacy issues and highlights ongoing regulatory and political challenges. The public's growing concern over privacy and tech transparency is emphasized, especially as political discourse around tech companies intensifies.

What was Google's initial reason for not disclosing the potential software bug?

• They had proof of a data breach.

• They believed it was not a material event.

• They wanted to wait for more evidence.

• They were advised by their legal team.

What is a potential consequence for Google due to their handling of the software glitch?

• A significant drop in stock prices.

• A class action lawsuit from investors.

• A public apology from the CEO.

• A major fine from the EU.

How does the financial impact of a class action lawsuit compare to EU fines for Google?

• The lawsuit would be more financially damaging.

• Neither has a financial impact on Google.

• Both have an equal financial impact.

• The EU fines are more significant.

Why did Google's stock not see a significant drop after the news of the glitch?

• Google's competitors faced similar issues.

• The regulatory burden was expected to be minimal.

• The glitch was not considered a serious issue.

• Investors were confident in Google's handling of the situation.

What is a key difference between Google's situation and Facebook's Cambridge Analytica scandal?

• Facebook's situation was resolved more quickly.

• Google faced more severe regulatory actions.

• Facebook's scandal had a more significant impact on stock prices.

• Google's glitch was a confirmed data breach.