Written by 11:26 pm Blog

Cybersecurity firm’s shares tank 15%

Bloomberg / Updated: Jul 20, 2024, 04:56 ISTAAText SizeSmallMediumLarge The shares of CrowdStrike, …
Cybersecurity firm’s shares tank 15%

Bloomberg / Updated: Jul 20, 2024, 04:56 IST

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The

shares

of CrowdStrike, known as a dominant supplier of software that protects businesses from ransomware attacks, tanked 15% Friday, wiping out almost $8

billion

of its market value. CrowdStrike was founded by former executives of

antivirus

pioneer McAfee Inc.

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