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 situation in West Bengal has gone out of control since the passing of the Waqf Amendment Act.
On Monday, weather patterns are expected to shift across various parts of the country. In North I
On the occasion of the completion of 10 years of Mudra Yojana, Prime Minister Narendra Modi inter
Mid-Cap Stocks Rally Again: Smart Opportunity or Rising Market Risk? Experts Explain
The Indian stock market is once again witnessing renewed enthusiasm in mid-cap stocks. After endu
The excitement of the Women's T20 World Cup is ready to reach its peak. It remains to be seen whe
After Shiv Sena leader Sanjay Nirupam, Maharashtra minister Nitesh Rane raised serious questions
This horror show has taken Netflix by storm, with all seasons trending in the top 10.
There are many shows on Netflix whose new seasons viewers eagerly await. New seasons often trend
Chhath, the great festival of folk faith, was celebrated with great pomp in the entire division i
Kargil Vijay Diwas (Kargil Vijay Diwas 2024) is a very important day for all the countrymen of in
The Uttar Pradesh (UP) government has filed an affidavit in the Supreme Court, in which the UP go
