Crowdstrike IT Outage show a few things
$CrowdStrike (CRWD.US)$ :
1) Crowstrike is clearly dominating the market for now as it the issue can be felt by mutplie companies and industries. From Airports, Tv-broadcast, buiness, services, banks, brokerage firms to supply chain
2) Issues can be resolved within hours, however the lasting impact felt from affcted customers can be from days to weeks.
3) Lower price offers better entry
Problems:
1) Brand and reputation is tarnished. Longer term contracts from other companies might not get renewed as they realized how severe the impact can result from this minor issue. This can affect the growth rate of crowdstrike.
2) There might be legal fee moving forward. (Lawsuits)
This might eat into their revenue growth rate and free cash flow margin.
Not a good idea to have most of big companies using just 1 service from a single entity![]()
1) Crowstrike is clearly dominating the market for now as it the issue can be felt by mutplie companies and industries. From Airports, Tv-broadcast, buiness, services, banks, brokerage firms to supply chain
2) Issues can be resolved within hours, however the lasting impact felt from affcted customers can be from days to weeks.
3) Lower price offers better entry
Problems:
1) Brand and reputation is tarnished. Longer term contracts from other companies might not get renewed as they realized how severe the impact can result from this minor issue. This can affect the growth rate of crowdstrike.
2) There might be legal fee moving forward. (Lawsuits)
This might eat into their revenue growth rate and free cash flow margin.
Not a good idea to have most of big companies using just 1 service from a single entity
![Crowdstrike IT Outage show a few things](https://sgsnsimg.moomoo.com/sns_client_feed/102728403/20240721/6bd910d5627a221ab228dbbfd3cfa7e8.jpg/big?area=101&is_public=true)
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71811517 : Crowdstrike will be the next tech overlord. In the future the subscription will increase to $1,000 per computer and they will crash their customer's system if they disagree to pay. Imagine no air travel for a week. No goods transportation for a month. No hospital for a year. They will threaten governments and stand tall as the tech conqueror like a digital Genghis Khan. Crowdstrike will be the ultimate tech singularity and will control the world like an amazing overlord. The stock price will reach $1,000 per stock even after 10 100:1 split. Crowdstrike is the future and if you don't invest now you will be demoted to a lower member of society.
Money Thrill : I follow your opinion also. In fact, we are only now realizing how CrowdStrike is active worldwide in many companies and how important that company is globally. I have already noticed that negative news suddenly turns into worldwide free advertising, priceless. It was in the daily news in Belgium, capital of Europe, and many people now know the company they had never heard of before? Even, it can give a BOOST and so can CrowdStrike become a overlord in the future? i hope because i have this shares and wait what happens.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
I "stay rational "
102379107 : on the 2) under problem, it's not common to have more than one EDR running at the same time. the question is which competitor is the better alternative. Not defending Crwd as I'm not vested but as someone in the industry, there is indeed a lapse in process on the company's change and release management. But it can happen to any company and it is in fact a common lapse though unfortunately the impact is very big. Silver lining is that it didn't occur due to cyber security breach on a cyber security firm![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Money Thrill : "Rational inside information from Tweakers "
The security firm claims that the update that led to the widespread outage on Friday morning was intended to identify newly discovered "malicious named pipes" that would be used in cyber attacks. The update was performed in the configuration file C-00000291*.sys and caused "a logic error that led to system crashes and blue screens on affected systems." CrowdStrike does not say how exactly that logic error could have occurred.
Devices running Windows 7.11 or higher that installed the update between 6:09 a.m. and 7:27 a.m. on Friday were affected by the outage. At the latter time, CrowdStrike rolled back the update. The disruption has caused large-scale problems in aviation and hospitals, among others.
Desmond Kang : The tweet is fake btw
JonSnow 71811517 : yes, yes, they will simply end up in jail by your hypothesis