oct 12, 2018 - Google Plus: RIP

Description:

In the universe of social media, there’s Facebook (NASDAQ: FB), and there are all the other platforms that only wish they were Facebook. Prominent among the wishers -- though not for its success -- was Google Plus, Alphabet’s (NASDAQ: GOOGL) (NASDAQ: GOOG) ambitious attempt. We all know it didn’t work -- indeed, its irrelevance in the social media space is so total that MarketFoolery host Chris Hill thought that the company had killed it ages ago, because he couldn’t imagine CFO Ruth Porat would let her company keep wasting resources on such a losing bet.

In this segment, Hill and and senior analyst Jim Mueller talk about the security issues that actually led Alphabet to cut its losses and end the service, the coverup of the breach, the company's history of information security problems, and more.