Google parent Alphabet sees massive stock plunge; shockwaves after Binance hack
Summary
Alphabet, Google’s parent company, lost about $500 billion in market value in its steepest one-day decline on record. The article also reports that cryptocurrency exchange Binance was targeted in a hack involving $6.3 billion.Key Facts
- Alphabet’s market value fell by about $500 billion.
- The decline was described as Alphabet’s steepest one-day drop on record.
- Binance, a cryptocurrency exchange, was targeted in a hack.
- The article puts the amount involved in the Binance hack at $6.3 billion.
- The article provides no further details about what caused Alphabet’s stock drop.
- The article provides no details about how the Binance hack happened or who was responsible.
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