Microsoft Outage: The turmoil in the world due to the global outage has an impact on the market, CrowdStrike shares fell


Posted on 20th Jul 2024 01:07 pm by rohit kumar

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.

1 Like 0 Dislike
Previous news Next news
Other news

Fatwa Against Vijay: Fatwa issued against actor-politician Vijay, allegation- invited drunkards and gamblers to Iftar party

Tamil superstar and Tamilaga Vetri Kazhagam (TVK) chief Thalapathy Vijay is once again embroiled

Udaipur Files: Delhi High Court bans film 'Udaipur Files', producer Amit Jani will go to Supreme Court

The Delhi High Court has banned the release of the film 'Udaipur Files' based on the Udaipur murd

Bahraich Violence: Administration in action, 50 rioters arrested so far; FIR lodged against more than 100

The noose has started tightening on the miscreants who created a ruckus during the idol immersion

Himani Murder Case: Police arrested the accused in the Himani murder case, mother alleges that Congress people were involved in the murder

Haryana Police has arrested an accused in the murder case of Congress worker Himani Narwal. Polic

Ramdev on Trump Tariff: Yoga guru Ramdev found a solution to Trump tariff, told what to do now

Everyone is criticizing Donald Trump's huge tariff on India. Even the American MPs themselves are

Nepal Plane Crash: Major plane accident in Nepal, Shaurya Airlines plane crashed in Kathmandu soon after takeoff; 5 people killed

Nepal Plane Crash: A major plane crash occurred in Nepal's capital Kathmandu on Wednesday. A Shau

Aparajita Bill: Anti-rape bill passed unanimously by Bengal Assembly, provision for death penalty or life imprisonment till last breath

The anti-rape bill was introduced in the Bengal Assembly today i.e. on Tuesday, which was passed

The Bads Of Bollywood: Ranbir Kapoor gets embroiled in controversy over this one scene, NHRC issues notice

Aryan Khan's "The Bads of Bollywood" is trending at number one on Netflix. Several major Bollywoo

Congress leader's controversial statement: "Slap Kangana Ranaut!" Actress says, "No one can stop her."

The former Tamil Nadu Congress chief has made a controversial statement about Kangana Ranaut. He

IND U19 vs UAE U19: Vaibhav Suryavanshi misses out on a double century, fails to break Ambati Rayudu's 23-year-old record

Vaibhav Suryavanshi, the rising star of the Indian cricket team, shows no signs of stopping. This

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash