‘Massive fall’: CrowdStrike ‘down about 13.5 per cent’ after major worldwide outage

Sky News Business Reporter Ed Boyd says CrowdStrike is “down about 13.5 per cent” in after-hours trading after a major worldwide tech outage. A major worldwide tech outage, believed to have been caused by a flawed anti-viral update from US cyber security company CrowdStrike, has plunged many of the world's largest companies into crisis. “The company that is at the source of this problem is CrowdStrike – founded in 2011 by CEO and founder George Kurtz,” Mr Boyd told Sky News Australia. “Just looking at CrowdStrike itself: it’s listed on the Nasdaq in the United States … and we can have a look at after-hours trading. “Right now, obviously, the market is closed, but investors are making bets on where the share price will go when the market opens later tonight in New York. “Just crunching the numbers, the shares are currently down about 13.5 per cent in after-hours trading, which is a massive fall in any company’s share price.”