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http://nydailynews.com/2024/08/01/crowdstrike-sued-investors-global-tech-outage

New York Daily News

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The New York Daily News is a U.S. newspaper based in New York City. It is the ninth most widely circulated daily newspaper in the country, printing 200,000 copies a day. It was founded in 1919, and was the first U.S. daily printed in tabloid format. As of 2017, the paper is owned by tronc, the publishing operations of the former Tribune Company, and is headquartered at 4 New York Plaza in Lower Manhattan.

Though a self-proclaimed Republican newspaper for much of its history, the Daily News in recent years has exhibited a more moderate-to-liberal bias, and is often contrasted with the right-rated New York Post.

Type of Content
Approved Story
1
Format
Region
News Item Format
Standard
Story Cluster
Autocurated
1
External ID
4313603

Investors are suing CrowdStrike after the company’s software update caused nationwide technology outages two weeks ago. The suit accuses CrowdStrike of lying to investors by claiming its technology had been “validated, tested, and certified.” CrowdStrike’s stock price predictably tanked after the July 19 outage disrupted various services across the nation, from flights to court dates to hospital appointments. The company eventually blamed the outage on a bug in its latest update, which it pushed to millions of customers. Approximately 8.5 million computers crashed due to the bad data from CrowdStrike....