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Thursday, June 2, 2011

Google Edging Higher as Wall Street Digests News of Gmail Hacking

- Google Edging Higher as Wall Street Digests News of Gmail Hacking



Jun 2, 2011

Google (NASDAQ:GOOG) is modestly firmer in pre-market trading as investors continue to react to news of Gmail hacking.

Google swung to losses in the after-hours session following the company's announcement that "hundreds" of Gmail accounts had been hijacked through malware or "phishing" scams, getting users to share passwords.

The company said on its blog, "This campaign, which appears to originate from Jinan, China, affected what seem to be the personal Gmail accounts of hundreds of users including, among others, senior U.S. government officials, Chinese political activists, officials in several Asian countries (predominantly South Korea), military personnel and journalists."

On Thursday, the Chinese government rejected suggestions that it was linked to the attack.

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