TECH NEWS — CrowdStrike is being sued by its shareholders after a faulty software update by the cybersecurity firm crashed more than eight million computers and caused chaos around the world. The lawsuit accuses the company of making "false and misleading" statements about its software testing. It also says the company's share price dropped 32% in the 12 days after the incident, causing a loss in market value of $25bn (£14.5bn). CrowdStrike denies the allegations and says it will defend itself against the proposed class action lawsuit... bbc.com
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Mon Jun 23 2025 20:12:10 GMT+0000 (Coordinated Universal Time)
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CrowdStrike is being sued by its shareholders after a faulty software update by the cybersecurity firm
Published (Updated) on Thursday, August 1, 2024
• The 'Pandemic' of Cybercrime Activities Amongst Nigerian Youths and What Needs to Be Done Urgently - Article
• Nigerian activist, Falana has filed $5 million suit against Meta Platforms Inc.
• SoftBank is planning to invest $40 billion in OpenAI according to CNBC's David Faber
• Sacked Meta employees used meal funds to purchase things other than food, had meals delivered to their homes
• Huawei is gradually making an inroad into the Nigerian banking sector, a development that is becoming more worrisome, according to reports
• Apple vs Huawei Market Competition - Apple iPhone 16 Facing Challenges in China Market Against Huawei's Trifold Mate XT, According to Analysts
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