Are you keeping up with the latest news in the world of finance and investing? Well, if you’re not, you’re missing out on some juicy updates. One recent development involves CrowdStrike, a cybersecurity company, and Delta Airlines.
In a recent interview with CNBC’s Jim Cramer, CrowdStrike CEO George Kurtz discussed a massive outage caused by a faulty update from the company. This outage, which one expert called “the largest IT outage in history,” affected businesses worldwide, including Delta Airlines. Delta claimed that the outage and resulting flight cancelations cost the airline more than $550 million, prompting them to consider legal action against CrowdStrike and Microsoft, whose systems were also affected.
Despite the tension, George Kurtz expressed openness to finding a resolution with Delta. He emphasized the importance of transparent communication and a commitment to ensuring such incidents don’t happen again. CrowdStrike managed to exceed Wall Street’s earnings and revenue expectations, but they did revise their full-year guidance due to the impact of the outage.
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