6Mon·

$CRWD (+1.2%) - Get out while you can.

Doesn't matter how fast they can fix it. When cybersecurity company fails this hard and causes havoc, they will never be the same again.

Also sold my $ASWC (+0.26%) for the time being, they had alot of exposure to $CRWD (+1.2%) , will evaluate later if I open a new position on this ETF.

https://www.disclose.tv/id/rnds782zg9/

www.disclose.tvMajor worldwide tech outage plunges world's largest companies into chaos

8 Comments

Joris@Joris

6Mon

I had perfect timing for the first time. On July 5, I sold ASML, Crowdstrike and NVIDIA and invested in Palantir, Nasdaq, gold and Bitcoin.
More luck than sense.
But I've always read somewhere that if Crowdstrike has a security vulnerability then it's going to be bloody.

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Lucrash@KapriolenCapital

6Mon

Yeah sure bud. Microsoft is also facing a outage right now and they also did in January. They already rolled back the update. They will have to pay penalty as SLAs did not satisfy and thats it.

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ElShib@ElShib

6Mon

@KapriolenCapital lawsuits bloodbath might follow...

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Samiel@Samiel

6Mon

Massive lawsuits incoming.

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Immo_Investor@Immoinvestor1981

6Mon

I sold $MSFT due to this reason. It is a small position but it was necessary.

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Lucrash@KapriolenCapital

6Mon

@Immoinvestor1981 I hope you're joking. Microsoft has nothing to do with it

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Immo_Investor@Immoinvestor1981

6Mon

@KapriolenCapital Take a look at the news and its consequences. All the crashes happened on Microsoft systems using Crowdstrike's antivirus software.
I am out for a short time.

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Lucrash@KapriolenCapital

6Mon

@Immoinvestor1981 Yes exactly Crowdstrike is to blame not Microsoft. Such patches can also occur on Linux or similar. It's more a sign of technical ignorance if you sell Microsoft as a result.

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