CrowdStrike sued by investors after global tech outage
Posted on AllSides August 1st, 2024
From The Left
Investors are suing CrowdStrike after the company’s software update caused nationwide technology outages two weeks ago. The suit accuses CrowdStrike of lying to investors by claiming its technology had been “validated, tested, and certified.” CrowdStrike’s stock price predictably tanked after the July 19 outage disrupted various services across the nation, from flights to court dates to hospital appointments. The company eventually blamed the outage on a bug in its latest update, which it pushed to millions of customers. Approximately 8.5 million computers crashed due to the bad data from CrowdStrike....
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