
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.
How can the ICC punish Bangladesh for withdrawing from the T20 World Cup? What do the rules say?
The T20 World Cup 2026 is just days away, but a major controversy has erupted due to the stubborn
Sonu Sood: Sonu Sood reached Punjab to help the flood-affected people. Users called him a real hero
Punjab is badly affected by floods these days. Many Bollywood celebs are coming forward to help t
The global uproar over US tariffs has intensified again. This is primarily due to the US Supreme
One-third of doctors working night shifts in India, mostly women, feel unsafe. This has come to l
During the US presidential election, Elon Musk, the owner of SpaceX, Tesla, and social media plat
Ranveer Singh is currently enjoying the success of his film Dhurandhar. The film is performing ex
Ladakh environmentalist Sonam Wangchuk, who was arrested after the violent protests in Leh on Sep
Amid rising tensions in West Asia, the Indian government is keeping a close watch on the supply a
Taking cognizance of the devotees going to Varanasi and Ayodhya after bathing in Prayagraj Mahaku
Cousin trolled for supporting Palash Muchhal, users said – to a cheater…
Palash Muchhal and Smriti Mandhana's wedding was recently postponed. Subsequently, an alleged cha