Microsoft, CrowdStrike shares fall in premarket trading after major outage hits businesses worldwide

Microsoft, CrowdStrike shares fall in premarket trading after major outage hits businesses worldwide

CrowdStrike makes software to help firms manage their security in IT environments.

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Cybersecurity firm CrowdStrike saw its shares plunge Friday, after an update led to a major outage, impacting businesses across the world.

Shares of the company, which makes software to help firms manage their security in IT environments, tanked 14% in U.S. premarket trading.

Microsoft, which also reported issues affecting its Azure cloud services and Microsoft 365 suite of apps, fell 2% in premarket trading.

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