Cybersecurity giant CrowdStrike Holdings Inc (NASDAQ:CRWD) is coming under immense selling pressure as its role in a major global outage becomes clearer.
Airlines, emergency services, broadcasters and communications networks across the world have reported issues after an apparent “flawed anti-viral update” caused Microsoft Windows to crash on millions of servers.
"CrowdStrike is aware of reports of crashes on Windows hosts related to the Falcon Sensor," Crowdstrike said in a statement. Falcon Sensor is a cybersecurity software platform developed by CrowdStrike.
Markets reacted in expected fashion, sending CrowdStrike shares 14% lower and counting in pre-market trades, while Microsoft shares were last seen 2% lower.