disruptions

CrowdStrike shares fall more than 10% as global IT outage causes mass chaos: ‘A big black eye’

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CrowdStrike shares fall more than 10% as global IT outage causes mass chaos: 'A big black eye'

Shares of cybersecurity giant CrowdStrike fell more than 10% on Friday after a botched software update caused a stunning mass shutdown of businesses around the world. CrowdStrike CEO George Kurtz tried to apologize for the crisis, which affected millions of customers using Microsoft Windows — hurting airlines, banks, hospitals and various other customers. “This is … Read more

CrowdStrike shares fall 13% in another day of crushing losses after triggering global outages

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CrowdStrike shares fall 13% in another day of crushing losses after triggering global outages

Shares of CrowdStrike fell 13% on Monday, extending their losing streak, after Wall Street analysts downgraded the stock on concerns over the financial fallout from a global cyber outage last week. CrowdStrike’s surprise update to its security software crashed computers powered by Microsoft’s Windows operating system, disrupting Internet services across the globe and affecting a … Read more