CrowdStrike Stock Plunges, Rivals' Rise, as Update 'Defect' Causes Microsoft Outage

KEY TAKEAWAYS CrowdStrike (CRWD) shares plunged 12% in afternoon trading Friday, while those of its rivals rose, after the cybersecurity firm said an update "defect" caused a worldwide outage in Microsoft's (MSFT) cloud services. "CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted," Kurtz said in a post on X. "This is not a security incident or cyberattack. The issue has been identified, isolated and a ...