CrowdStrike Holdings shares drop 13% in pre-market trading

CrowdStrike Holdings shares dip: Amid the global Microsoft Windows outage after the Crowdstrike update, the shares of CrowdStrike Holdings have fell as much as 13.28 per cent in the pre-market trading on NASDAQ. Before the US market opening, the shares of the company were hovering near $297.49, down by 45.56 per cent. 

On the other hand, the shares of Microsoft were trading almost 2 per cent down in the pre-market trading. 

CrowdStrike is a cybersecurity technology company that specialises in endpoint protection, threat intelligence, and cyberattack response. Known for its Falcon platform, CrowdStrike provides cloud-based security solutions to detect, prevent, and respond to cyber threats. 

Global Windows outage

Microsoft Windows users from around the world are facing a "Blue Screen of Death" (BSOD) error, leading the systems to abrupt shutdowns or restarts. Various industries including stock markets, aviation, media outlets and banking are facing massive disruption due to the mass outage. 

Social media users globally have reported long queues at Australian stores such as Woolworths due to payment system failures, as well as difficulties accessing financial institutions like the National Australia Bank. 

Indian airlines and brokerages have also faced significant disruptions on Friday due to a global outage. The outage has also affected major oil and gas trading desks in London and Singapore.