CrowdStrike Shares Continue To Tumble As Outage Drags On

Category: Business

CrowdStrike's stock price fell 10.6% to $272.46 following a major outage caused by a defective Falcon update, which affected 8.5 million Windows devices and led to widespread disruptions in various sectors, including air travel. Analysts downgraded the stock, citing expected resistance to new deals. Despite efforts from CrowdStrike and Microsoft to assist affected users, lingering issues from the outage continue to impact businesses.

Keywords: CrowdStrike, stock market, IT outage

Source: CRN

Update At: 7/23/2024

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