CrowdStrike Caused 1 of the Biggest IT Outages Ever. You'll Never Believe What Its CEO Said Is Happening With the Business Now.

The company isn't taking its eyes off of the $10 billion prize. On July 19, a defect in a software update from cybersecurity specialist CrowdStrike (CRWD 0.79%) caused one of the largest IT outages in history. Around the world, flights were canceled, financial institutions were unable to process transactions, and investors started panicking. At the time of the outage, shares of CrowdStrike were trading near all-time highs. But less than one month later, the stock had already tumbled by more than 40%. I don' ...