2024-07-27 17:30:00 ET
Over the last week, the technology sector has been taken over by one singular storyline -- and for once, it doesn't revolve around artificial intelligence (AI).
Last week, investors were shocked to see shares in cybersecurity company CrowdStrike (NASDAQ: CRWD) suddenly fall off a cliff.
News quickly circulated that CrowdStrike suffered a widespread outage following a bug in its recent software update. While bugs are fairly common in software development, the CrowdStrike situation has been particularly problematic due to the company's widespread reach -- spanning a reported 30,000 subscribers.
For further details see:
Here's What the CrowdStrike Outage Can Teach Investors About Black Swan Events