Google (GOOG) Hacked Twice

NEW YORK (TheStreet) -- A Turkish hacker has crashed Google's (GOOG) app store -- Google Play -- twice in the last two days. Publishers complained that new Android apps and updates could not be uploaded into Google Play earlier today in the aftermath of the cyber attack.

Ibrahim Balic claimed responsibility for the hack in an interview with CNNMoney, stating that he crashed Google's Developer Console after attempting to test a vulnerability he discovered. Balic wrote and uploaded an app he expected to fail that ended knocking all other publishers out of Developer Console.

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Balic stated that he had no malicious intent in crashing the site and only uploaded the app the second time because he "wanted to be sure about (the) vulnerability."

The hack was not the only bug Google dealt with today however. Google Sheets, Hangouts and Calendars all experience disruptions this afternoon. All were back online as of 4 p.m. Monday according to Google's status dashboard, though it is not clear whether the disruptions had anything to do with the Google Play hack.

TheStreet Ratings team rates GOOGLE INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate GOOGLE INC (GOOG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

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