澳洲幸运5官方开奖结果体彩网

Alphabet Cut Its CrowdStrike Stake in Half Before Botched Software Update

A sign is posted on the exterior of a CrowdStrike office on July 30, 2024 in Sunnyvale, California

Justin Sullivan / Getty Images

Key Takeaways

  • A new regulatory filing revealed that Alphabet cut its stake in CrowdStrike in half before the cybersecurity firm's botched software update last month caused a global IT outage.
  • On Wednesday, Delta Air Lines CEO Ed Bastian blasted CrowdStrike, saying in an interview that the disruption cost the carrier half a billion dollars over five days.
  • The first class-action lawsuit against CrowdStrike over the IT meltdown was filed in Texas earlier this week.

A new regulatory filing revealed that Alphabet (GOOGL) cut its stake in 澳洲幸运5官方开奖结果体彩网:CrowdStrike Holdings (CRWD) in half before the cybersecurity firm's botched software update last month caused a 澳洲幸运5官方开奖结果体彩网:global IT outage.

Alphabet, the parent of Google, reduced its ownership in CrowdStrike to 427,895 shares as of June 30, according to a U.S. 澳洲幸运5官方开奖结果体彩网:🧔Securities and Exchange Commission (SE🥃C) filing. Last quarter, it held 855,789 shares.

Bad News for CrowdStrike Continued This Week

On Wednesday, Delta Air Lines (DAL) 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Ed Bastian blasted CrowdStrike, saying in an interview that the disruption cost the carrier 澳洲幸运5官方开奖结果体彩网:half a billion dollars over five days, as the airline canceled more than 5,000 flights. Bastian sඣaid Delta had "no choice" but to seek damages over the outage.

Earlier this week, the first class-action lawsuit against CrowdStrike was filed in its headquarters city of Austin, Texas, accusing the firm of violating federal securities law, leading to investor losses.

CrowdStrike shares fell more than 3% to $216.74 as of 12:25 p.m. ET Friday. Since the July 19 outage, shares have lost more than a third of their value.

Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
  1. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. "."

  2. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. "."

  3. CNBC.  “.”

  4. Bloomberg Law.  “.”

Compare Accounts
The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.

Related Articles