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
Trending Updates •
Naira Exchange Rates: Conversion of United States Dollar (USD), British Pound Sterling (GBP), and European Euro (EUR) to Nigerian Naira (NGN) at CBN Rates (NFEM) - Nigeria Currency Converter Calculator
French President Emmanuel Macron in Qatar Seeking Energy Deals with Gulf Partners While France is 'Burning'
Who is Massad Boulos? Background, Origin, Family, Migration, Education, Business, Nigerian Connections, Lebanon Politics and US Trump's Influence
Bank of America Gets $1.2 Billion Fine Over Anti-Money Laundering Compliance Failures and Sanctions Violations
Omani Flydubai Co-Pilot Hamam al-Hammami Allegedly Developed Extremist Beliefs While Studying in Australia - UAE Probe
Naira Exchange Rates: Conversion of United States Dollar (USD), British Pound Sterling (GBP), and European Euro (EUR) to Nigerian Naira (NGN) at CBN Rates (NFEM) - Nigeria Currency Converter Calculator
French President Emmanuel Macron in Qatar Seeking Energy Deals with Gulf Partners While France is 'Burning'
Who is Massad Boulos? Background, Origin, Family, Migration, Education, Business, Nigerian Connections, Lebanon Politics and US Trump's Influence
Bank of America Gets $1.2 Billion Fine Over Anti-Money Laundering Compliance Failures and Sanctions Violations
Omani Flydubai Co-Pilot Hamam al-Hammami Allegedly Developed Extremist Beliefs While Studying in Australia - UAE ProbeCrowdStrike is being sued by its shareholders after a faulty software update by the cybersecurity firm
Published (Updated) on Thursday, August 1, 2024


Share Your Thoughts