$CrowdStrike (CRWD.US)$ what happened somebody trip and the ...
$CrowdStrike (CRWD.US)$ what happened somebody trip and the extension cord got unplugged? power outage?
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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101495948 : mega sales
MomentumPython1337 : crwd engineers pushed a bug and it broadcasted to all systems worldwide everyone who uses crowdstrike is getting fucked upside down i have colleagues in Asia all of them can't work because their whole company is down
MomentumPython1337 : I'm so upset that this happened if you're a big tech company much less a top tier cybersecurity company you never let bugs like this get pushed to production this is a really bad failure on their part
lostmypizza MomentumPython1337 : No one will renew their contract. I wouldn't.
MomentumPython1337 lostmypizza : I've talked about this in another thread, yes it's a reputation damage but changing providers is not so easy, there are switching costs associated with it. it's not going to happen overnight and if CRWD can handle the crisis well then they can still convince people to stay. but yea i think if you project 2 quarters or 4 quarters ahead in earnings this is by no means good i don't see how this is good for the company at all so that means the stock money might leave CRWD and go into the other market leaders that is PANW, ZS, S and even MSFT they have their own cybersecurity solutions so yeah