Shares of the cybersecurity company "CrowdStrike" saw a significant decline today, Friday, following an update that affected internet services globally and caused damage to businesses worldwide. The company's shares fell by 14% in pre-market trading in the United States.
The global cybersecurity company "CrowdStrike" announced today, Friday, a major outage that impacted internet usage in Singapore, London, Australia, and other parts of Europe, due to an issue with the latest update.
According to CNBC, "CrowdStrike" is currently working on retracting the update that caused the global outage.
Additionally, shares of "Microsoft" dropped by 2% in pre-market trading today, Friday, after the company announced a cloud services outage, which affected airlines such as "Frontier Airlines" that reported their systems being impacted by the outage.
Major US airlines like American Airlines, Delta Airlines, and United Airlines halted their flights on Friday morning due to connectivity issues following Microsoft's announcement of resolving the cloud services outage.
CrowdStrike Shares Drop
Shares of CrowdStrike, a leading cybersecurity company, plunged by 14% in pre-market trading today following a global internet service disruption caused by a recent update. The issue affected businesses worldwide, significantly impacting the company's stock value.
Major Outage Announcement
CrowdStrike announced a major outage today that disrupted internet services in regions including Singapore, London, Australia, and parts of Europe. The outage was linked to a problem with their latest update, causing widespread internet access issues.
CrowdStrike's Response
In response to the global outage, CrowdStrike is currently working to retract the problematic update. The company aims to restore normal internet service operations as swiftly as possible, addressing the disruption caused to users and businesses.
Microsoft Shares Impact
Microsoft shares also experienced a decline, dropping by 2% in pre-market trading today. This followed an announcement of a cloud services outage that affected numerous businesses, including airlines, leading to significant disruptions in their operations.
Airline Disruptions
The cloud services outage from Microsoft severely impacted major US airlines, such as American Airlines, Delta Airlines, and United Airlines. These airlines were forced to halt flights on Friday morning due to connectivity issues, highlighting the widespread effect of the outage.
