Okay, deep breath, let's get this over with. In the grand act of digital self-sabotage, we've littered this site with cookies. Yep, we did that. Why? So your highness can have a 'premium' experience or whatever. These traitorous cookies hide in your browser, eagerly waiting to welcome you back like a guilty dog that's just chewed your favorite shoe. And, if that's not enough, they also tattle on which parts of our sad little corner of the web you obsess over. Feels dirty, doesn't it?
CrowdStrike Shares Plummet 32% Amid Software Testing Scandal: Shareholders Sue for $25 Billion Loss
Shareholders have sued CrowdStrike, claiming the cybersecurity company concealed its inadequate software testing, which led to a global software outage affecting millions. The lawsuit alleges CrowdStrike’s assurances were misleading, causing a 32% drop in share price and significant financial loss.
Hot Take:
Looks like CrowdStrike just got hit with a “denial of service” lawsuit from its own shareholders. Talk about a self-inflicted DDoS!
Key Points:
- Shareholders sue CrowdStrike over allegedly misleading them about software testing.
- A software update gone awry led to a global outage affecting multiple industries.
- CrowdStrike’s stock plummeted by 32%, wiping out $25 billion of market value.
- CEO George Kurtz summoned to testify before the U.S. Congress.
- Plymouth County Retirement Association leads the class action lawsuit.
Already a member? Log in here