Alphabet Stocks Decline Following YouTube Shooting

Alphabet Inc., the parent company for web giant Google, saw a slight decline in its stock prices Wednesday, following Tuesday’s shooting at YouTube‘s campus in Silicon Valley. During the first hour of trading, Alphabet saw a 17 percent decline with $1001.47 per share. The stock prices follow a week of problems in technology business including President Trump’s feud with Amazon and Facebook‘s scandal with Russian operated media companies misusing customer data.

The shooting at Alphabet-owned YouTube’s California-based headquarters left four injured and the female suspect dead. The incident is under investigation. YouTube CEO Susan Wojcicki addressed the situation on her personal Twitter account. Tim Cook, Apple CEO, gave words of comfort to YouTube and its employees.

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Written by the editors, staff, partners and interns of New York City Wired. A site dedicated to the business of technology, cybersecurity and telecommunications in and around New York City.

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