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Major IT outage affecting banks, airlines, media outlets across the world (www.abc.net.au)

submitted 4 months ago* (last edited 4 months ago) by [email protected] to c/[email protected]

555 comments fedilink hide all child comments

All our servers and company laptops went down at pretty much the same time. Laptops have been bootlooping to blue screen of death. It's all very exciting, personally, as someone not responsible for fixing it.

Apparently caused by a bad CrowdStrike update.

Edit: now being told we (who almost all generally work from home) need to come into the office Monday as they can only apply the fix in-person. We'll see if that changes over the weekend...

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[–] [email protected] 2 points 4 months ago (1 children)

You're going to love this: https://old.reddit.com/r/wallstreetbets/comments/1e6ms9z/crowdstrike_is_not_worth_83_billion_dollars/?sort=old

[–] [email protected] 2 points 4 months ago* (last edited 4 months ago)

Nice. The first comment is basically saying, "they're best in class, so they're worth the premium." And then the general, "you'll probably do better by doing the opposite of /r/wallstreetbets" wisdom.

So yeah, if I wanted to gamble, I'd be buying calls for a week or so out when everyone realizes that the recovery was relatively quick and CrowdStrike is still best in class and retained its customers. I think that's the most likely result here. Switching is expensive for companies like this, and the alternatives aren't nearly as good.