this post was submitted on 01 Aug 2024
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[–] cbarrick@lemmy.world 46 points 3 months ago (7 children)

[S]hareholders said they learned that CrowdStrike’s assurances about its technology were materially false and misleading when a flawed software update disrupted airlines, banks, hospitals and emergency lines around the world.

I don't see how they can make this argument.

Falcon is a kernel module. When kernel modules fuck up, you get kernel panics.

Sure, the layperson may not know enough about computers to recognize this, but it's a basic enough fact about operating systems that an investor in a company like this should take the time to learn. It's not like they hid that fact.

If you invested in a company without knowing how their product works, that's on you.

[–] naonintendois@programming.dev 3 points 3 months ago

You would be surprised at how little investors know about the things they invest in. They only look at the money flow. The case will likely go nowhere though since a small gap in processes isn't the same as a complete lack of processes that the lawsuit is implying.

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