$Meta Platforms, Inc.(META)$ I personally believe this is heading up to 530-540 then a drop back to 460-470 in a month or so. I would buy the dip if so. [Sly]
This is great. Of course they lacked testing before pushing updates to millions of computers. Not even a basic "sanity test" (a very basic level test to make sure the changes doesn't break the system) was performed. Else it would detect such a show-stopper issue. This was a criminal level negligence by software engineers and the management of the company itself. This highlights how broken the development and deployment processes in CS. It was laughable they do cybersecurity with such a mindset.
CrowdStrike Is Sued by Shareholders over Huge Software Outage
This seems some buddies jumping in to stop bleeding of CS. It doesn't make sense at all. This is not an industry wide negative sentiment or a small price drop. CS was pushing untested updates to 8 million+ systems. That is the biggest sin you can commit as a software vendor. Not they got exposed for their bad practices. Loss of revenue is inevitable for next 1-2 years. I don't think a fund manager would expose their stakeholders such a risk for two years.[Facepalm]
Cathie Wood's Ark Invest Snaps Up $5.3M In Beaten-Down Crowdstrike Shares, Dumps $3.7M Worth Of Tesla Stock Before Q2 Earnings