According to the Complaint, the Company made false and misleading statements to the market. Google’s systems exposed the personal data of hundreds of thousands of users of the Google+ social media platform. After discovering the breach, the Company actively concealed the facts from investors, users, and the government. Doing so violated the Company’s data privacy and security policies. Discovery of the breach could reasonably result in heightened regulatory attention from the government. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learning the truth about Alphabet, investors suffered damages.