CrowdStrike (CRWD) Down on Faulty Update: Should You Buy It Now?

The mistake in the Falcon update led to a global IT outage, impacting banks, airports, hospitals, retailers, various businesses and government agencies. This causes significant disruption and economic losses worldwide. What Caused the Global IT Outage? Initially, Microsoft was suspected to be at fault since the outage only affected Windows systems. However, Microsoft clarified that it was working with CrowdStrike to resolve the problem. CrowdStrike CEO George Kurtz acknowledged the issue, too, and confirmed ...