Stock Market Woes: Microsoft and CrowdStrike Take a Hit After Outage
CrowdStrike Suffers 11% Drop
The cybersecurity company CrowdStrike's stock plummeted over 11% on July 19th following a major outage that affected its cloud-based services.
Impact on Microsoft
Microsoft, which relies on CrowdStrike's security solutions for its Azure cloud platform, also experienced a drop in its stock price. The outage disrupted services for many Microsoft customers, including those using popular applications like Teams and Outlook.
The ongoing impact of the outage on both companies remains to be seen, but it highlights the interconnected nature of today's technology landscape. When one major player experiences a significant disruption, it can have ripple effects throughout the industry.
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