Shares of cybersecurity firm CrowdStrike closed with a big drop on Friday. The drop was recorded after a global online outage caused by an update. Businesses around the world were affected by this technical glitch. CrowdStrike makes software to help companies manage their security. Its shares opened with a decline of more than 14% on Friday and closed down by about 11%.
The company's shares also declined in some of the earlier trading sessions. On Friday, the company's shares were seen falling by up to 19% in the pre-opening of the US market. In the last five days, the company's shares have fallen by 17.92%. However, if we talk about the last 12 months, CrowdStrike's shares have shown tremendous strength. The company's shares have jumped by 118% in the last one year.
After the global outage on Friday, CrowdStrike CEO George Kurtz said that the problem was caused by a "glitch in an update for Windows Host". He clarified that it was not a cyber attack and it was identified and fixed. Along with CrowdStrike, Microsoft's Azure cloud services and Microsoft 365 suite of apps were also affected. After that Microsoft shares closed with a decline of 0.76% in the US stock market.
The world's pace came to a halt due to the Microsoft-CrowdStrike server down.
On Friday, the world's pace came to a sudden halt after a technical fault in CrowdStrike and Microsoft servers. This IT crash became the biggest IT crisis in recent years. Experts are also calling it a pandemic of the digital world. The downing of Microsoft servers affected airlines, banks, TV channels, and financial institutions around the world. According to media reports, due to this IT crisis, about 3 percent i.e. 4295 flights were canceled worldwide. Out of these 1100 flights were cancelled in the US alone. More than 1700 flights were delayed. Due to this, heavy crowds were seen at airports across the world and passengers also created a ruckus at many places. Due to the downing of Microsoft servers, 95 percent of computers and laptops running on Microsoft's operating system across the world came to a standstill.
Microsoft said most cloud services have been restored.
Microsoft also said on Friday that most of its cloud services have been restored. It is not yet clear whether this outage is related to the CrowdStrike update or not. The global outage on Friday has made it clear how seriously a single-point global outage can affect the supply chain and cause turmoil globally.
The Supreme Court on Wednesday rejected the request for an immediate hearing on the demand to dir
The Ministry of Home Affairs has accorded ‘Z’ category security cover to Aam Aadmi Pa
A day after the controversy started over the bag check of Shiv Sena (UBT) chief Uddhav Thackeray,
Mahima Chaudhary, who has distanced herself from the film world, is currently all over social med
A dispute has erupted between the ASI and the Waqf Board over the ownership of monuments. The Arc
MS Dhoni, one of India's most successful captains, is considered to have a lucky number of seven,
Where will Priyanka Gandhi sit in Lok Sabha, will her seat be next to Rahul, know here
Priyanka Gandhi, the newly elected Congress MP from Wayanad Lok Sabha constituency in Kerala, wil
Budget 2024-25: Startups hope to overcome funding shortages, get tax concessions and boost R&D
Finance Minister Nirmala Sitharaman made several announcements for startups in the interim budget
Team India's star batsman Virat Kohli played a brilliant innings of 93 runs against New Zealand i
Breaking PSL Rules Proves Costly: PCB Slaps Shaheen Afridi with a ₹1 Million Fine
The PCB has imposed a fine of 1 million Pakistani Rupees on Pakistan's star pacer, Shaheen Afridi
