Larry PageElijah Nouvelage/ Reuters

On Monday, Chronicle — a subsidiary of Google parent busines Alphabet — proclaimed a cybersecurity produce called Backstory.

Splunk, which offers a same produce, construed its asset down 5% at the time of close on Monday. Last week, Splunk beat Wall Street’s hopes for its quarterly earnings. Chronicle began its life at the Google X labs before coming spun out on its own.

On Monday, Chronicle — an owned subsidiary of Google parent company Alphabet — named Backstory, a cybersecurity product designed to help companies figure out how to protect themselves from hackers. See the other members of the tale at Business Insider

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