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CrowdStrike shares hit again as IT disruption continues
Shares in the cybersecurity firm drop a further 13% after last week's global IT outage.
Speaking to the House of Commons on Monday, Cabinet Office Minister Ellie Reeves said that the majority of sectors affected by the CrowdStrike bug had mostly recovered, including aviation, railroads, and maritime systems. Some investors are betting that the firm's rivals will benefit from its current struggles, which have exposed the world's dependence on one big player, drawing attention from anti-monopoly regulators. "In other words, when the company reports its July quarter late in August, I expect the commentary to suggest unknowns about near-term customer retention.
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