Elijah Nouvelage/Reuters
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On Monday, Chronicle — a subsidiary of Google parent company Alphabet — announced a cybersecurity product called Backstory.
- Splunk, which offers a similar product, saw its stock down 5% at the time of close on Monday.
- Last week, Splunk beat Wall Street's expectations for its quarterly earnings.
- Chronicle began its life at the Google X labs before getting spun out on its own.
On Monday, Chronicle — a subsidiary of Google parent company Alphabet — announced Backstory, a cybersecurity product designed to help companies figure out how to protect themselves from hackers.
See the rest of the story at Business Insider
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