CRWD Stock Plunges as CrowdStrike Triggers Massive Global Outage. What to Know.

CRWD stock traded for under $300 per share before the market opened this morning. Although its market capitalization fell to $73 billion, the stock has remained up about 17% for 2024. Microsoft (NASDAQ:MSFT) stock was down 1.45%, losing over $50 billion in market cap overnight. A Bug and Not a Hack That these global problems were caused by a failed software update may be the most shocking part of the story. Major news services like CNN were offering the kind of live updates usually reserved for natural disa ...