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CrowdStrike shares tumble as fallout from global tech outage continues
A faulty CrowdStrike software update was still impacting computers on Monday. The incident could hurt signings, Guggenheim Securities analysts warned.
CrowdStrike shares slipped as much as 13% on Monday morning, as the cybersecurity software company continued to help clients across industries recover from an outage that took millions of Microsoft Windows devices offline last week. Early on Friday, the company issued a defective update to its Falcon vulnerability-protection software that caused PCs, computer servers in data centers and display screens to crash, resulting in grounded flights and canceled medical appointments. But then, over the weekend, people shared photos on social media of Windows devices displaying the so-called "blue screen of death," a sign of computers in need of attention from administrators.
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