this post was submitted on 21 Jul 2024
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The crazy thing is CrowdStrike basically shutdown a ton of really important things and their stock only went down 17%. Like it was a huge blow to the economy for a couple days and somehow investors were like "meh, not that bad"
That's because they had a lot of people "buying the dip". CS is in a very similar position to SolarWinds during their 2020 security slipup. The extent of managerial issues there should've been unforgivable but unfortunately they got away with it and are doing just fine nowadays.