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 investigation into the intimate abuse and blackmail case that surfaced in Amravati has yielde
The Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE) has declared th
When the police stopped the people forcibly taking out a Moharram procession on a prohibited rout
Tempsens Allotment Today: A step-by-step guide to checking your IPO allotment status online.
The Tempsens Instruments IPO allotment is expected to be finalized today, August 25, 2026, after
The temperature in the capital on Monday was one degree Celsius above normal. Due to this, there
Heavy rains and landslides have caused devastation all around in Wayanad. So far, more than 300 p
Five people arrested after a student's suicide got bail; Nepali students were forcibly expelled.
Five people arrested in connection with the forcible eviction of Nepali students from hostels of
A three-match T20 series between India and Afghanistan is set to take place in September, with al
Across the country, Makar Sankranti is being celebrated today with great devotion. In Gorakhpur,
In an IPL 2026 match, Virat Kohli once again appeared in his signature style. While chasing a tar
