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The CrowdStrike outage that occurred on July 19, 2024, has caused widespread disruption across multiple industries and countries, making it one of the most significant IT outages in recent history. Here's a summary of the situation:

The outage has affected organizations worldwide, including major airlines, banks, media outlets, and government services.

Airlines grounded flights and issued handwritten boarding passes

Banks experienced service disruptions

Media outlets faced broadcasting difficulties

Emergency services, including 911, were impacted in some areas

Stock exchanges, like the London Stock Exchange, opened late

The outage affected various Microsoft 365 applications and services, as well as Azure cloud services. (THERE IS A REASON I HAVE NOT USED WINDOWS in 15 years) Mac and Linux hosts remained unaffected.

Root Cause: The issue stemmed from a faulty content update in CrowdStrike's Falcon Sensor, a cybersecurity product. Blue Screen of Death (BSOD): Many Windows systems experienced the infamous BSOD, causing boot loops and system crashes.

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Jack Black

Just sold out completely out of both - Crowdstrike and Microsoft. Made 2x on both since end 2022. Last drop to sell were alerts from I/O fund (have paid subscription), from the lady who was on Raol Pals RV and 2 years ago predicted a rise of Nvidia (the only one that time)…they are very good at their research…they just sold out completely from both positions…

MotoJB

$CRWD = SCREWED.

MotoJB

ALL PLANNED. “We have seen in the past few months, for example, ransomware attacks targeting hospitals, critical infrastructure, school systems, the power grid, and many other essential services” — Klaus Schwab, Cyber Polygon 2021 This year, Schwab followed-up on his “frightening scenario” by highlighting the recent ransomware attacks that have struck critical infrastructures around the world in 2021. “The implication is clear: a lack of cybersecurity has become a clear and immediate danger to our society worldwide,” Schwab said today.

MotoJB

Get ready for the bigger one.

Jack Black

Yes, follow Pelossi for successful trades…follow Schwab to know what will happen next in the world….this is scary😱

Patiobeach

All my Y2K stocks are flying. Took 24 years but they are paying off now!

Piper

MAC user since 2014.

seb

Almost nothing run on a Mac so nothing to update lol

Yagermyster

Does this make CRWD a buy to catch the mean reversion?

Buzz Bombers

This has nothing to do with MSFT but rather global corporations using the same security software and i bet they are all just copied each other. As such dominoes fell. The same thing would happen to MAC if it had a dominant market share. I remember setting up OSX Server 15 odd years ago and it would crash every time after hitting the next button upon getting it out of the box eww never again

Dom Sterland

just been looking at the charts for $CRWD and it bounced right off the 200 day MA, broke through small resistance which has been support from June 24th and was then forced back by that. There are 2 decent supports just below the 200 day MA so looks pretty solid and the company smashed through it ATH on June 24th and is now at a 24%b discount so I would say it's worth buying some. This stuff happens all the time with anti virus software and unfortunately this was high profile but only because they have a strong customer base of huge global corporations