CrowdStrike shares plummet after massive global IT failure triggered a chain reaction
A large-scale information technology failure has had a huge impact around the world and has also caused heavy losses to the share price of CS, the US cybersecurity leader. Affected by Microsoft's "Blue Screen Incident", CS U.S. stocks closed down % to US dollars per share on January, local time. The market value evaporated by nearly 10 billion US dollars overnight, setting the worst single-day performance since the year. The company's current market value is approximately US$100 million. Due to the system collapse, various customer systems around the world, from banks to retail giants to health care systems, have been trapped since the beginning of the day.