Google Shuts Down Consumer Version of Google+ Social Network
*By Carlo Versano*
Google cut its losses Monday after the publication of a story about a previously unreported data breach at its struggling Google+ social network.
The Alphabet-owned company ($GOOGL) said in a [blog post](https://www.blog.google/technology/safety-security/project-strobe/) that it would shutter Google+ to consumers as part of a larger restructuring of its privacy controls. It noted that "90 percent of Google+ user sessions are less than five seconds."
The post seemed timed to respond to a [report](https://www.wsj.com/articles/google-exposed-user-data-feared-repercussions-of-disclosing-to-public-1539017194) in the Wall Street Journal that the company had discovered a vulnerability back in March that left the private data of hundreds of thousands of Google+ users potentially exposed for as long as three years until it was found and patched.
Further, the Journal reported that Google executives, including CEO Sundar Pichai, made a strategic decision to keep the vulnerability secret due to the potential for "immediate regulatory interest." The bug was discovered just as the Facebook ($FB) scandal involving Cambridge Analytica was reinvigorating a public debate over how the big tech companies were handling the massive troves of data they were collecting.
Google said the vulnerability was a result of a coding bug in conjunction with an API that gave access to outside developers and exposed the names, email addresses, occupations, genders, and ages of roughly 500,000 users. It said it found no evidence that the exposed data was misused by third-party developers.
The decision to keep the issue private and then kill the social network altogether reflects the heightened stakes for the handful of tech companies that control the vast majority of the web. The "growth at all costs" mantra is being replaced with a more cautious approach that seeks to weigh the trust of an increasingly skeptical public and new interest from regulators.
But by not immediately alerting the public last spring, Google has likely made the matter worse for itself as it now must react to a scandal just as it gets ready to [unveil](https://www.youtube.com/channel/UCIG1k8umaCIIrujZPzZPIMA) a slate of new devices.
Greg Martin, Founder and Managing Director at Rainmaker Securities, discusses the benefits of Big Tech bidding for Peloton and highlights the ongoing headwinds impacting the exercise equipment maker.
SES Holdings, a leader in production of high-performance hybrid lithium-metal rechargeable batteries for electric vehicles, has arrived on Wall Street. The company went public via SPAC deal and now trades on the New York Stock Exchange under the ticker 'SES.' Qichao Hu, founder & CEO, joined Cheddar Movers to discuss the debut as well as what lies ahead for the company.
Amazon warehouse workers in Alabama are set to begin voting to unionize for a second time after workers at the facility in the town of Bessemer overwhelmingly voted against forming a union during an election early last year; but in November, the National Labor Relations Board overturned the vote, upholding a union challenge of the results which argued that Amazon undermined the conditions for a fair election. Another round of ballots will now be mailed out to works at the warehouse for a so-called re-run election. Director of Labor and Employment Studies at San Francisco State University John Logan and National Field Director for Our Revolution Mike Oles joined Cheddar News' Closing Bell to discuss.
Stocks closed near session highs Tuesday as investors eyed more strong corporate earnings reports, and prepped for Thursday CPI data which will give an idea of how hot inflation may still be running. Hugh Johnson, Chairman and Chief Economist of Hugh Johnson Economics, joined Closing Bell to discuss today's close, earnings season so far, predictions about the Federal Reserve's plan to raise interest rates, and more.
Johannes Evenblij, President of PepsiCo Beverages North America for the West Division, joins Cheddar News to discuss giving back at the Super Bowl this year
Youth sports coaching service MOJO has partnered with Major League Baseball, named the "trusted grassroots coaching app" of the MLB. The app provides content for parents and coaches to help young players grow their skills. Ben Sherwood, founder & CEO of MOJO joined Cheddar News to talk about how his app works to improve coaching to keep players interested. "The number one reason that kids drop out of sports and all of the surveys is that sports aren't fun, and one of the big reasons that sports aren't fun is that the coach doesn't know what she or he is doing," he said. "We think there's a great coach in everyone, and we just have to have the right resources and tools and inspiration."
Big tech companies such as Amazon and Google are garnering criticism for failing at their proposed climate pledges, most of which rely on carbon offsets — a potential loophole where companies pay others to address their omissions. Gilles Dufrasne, policy officer at Carbon Market Watch, joined Cheddar News to explain the organization's negative evaluation. "The objective here is not to bash companies and say everybody is doing the wrong thing," he said. "The objective is to also provide lessons, and there are some companies that are doing the right thing."