After a judge threw out the shareholder lawsuit because CrowdStrike isn’t legally required to be a perfect, error-free god, investors are stuck holding the bag for a $25 billion valuation wipeout caused by that absolute disaster of a 2024 outage.
It turns out „oops“ is a valid legal defense when you’re a tech giant, as the court basically told shareholders that stock market volatility and buggy updates are just part of the game they chose to play. 🎰 While the company dodged this specific legal bullet, they’ve still got a massive reputation stain to scrub off, and the guys who lost their shirts in the sell-off are officially out of luck.
Note: just vti and chill.
Muzoa on
The stock is almost double what it was then, the only victims are the customers as usual
Awkward-Candle-4977 on
Didn’t they get the $10 gift card?
Swordsandarmor22 on
Crowdstrike dropped but recovered and exceeded the previous high in less than 6 months. Sounds like someone is just big mad they sold for no reason.
Suilenroc on
Subsidize my losses and privatize my gains, please.
Veelze on
I don’t understand. Isn’t the only way to incur a loss is if they sold or a triggered stop-loss order?
why-you-do-th1s on
This is the gamble with investing you shouldn’t get bailouts unless the company was committing fraud like ENRON
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After a judge threw out the shareholder lawsuit because CrowdStrike isn’t legally required to be a perfect, error-free god, investors are stuck holding the bag for a $25 billion valuation wipeout caused by that absolute disaster of a 2024 outage.
It turns out „oops“ is a valid legal defense when you’re a tech giant, as the court basically told shareholders that stock market volatility and buggy updates are just part of the game they chose to play. 🎰 While the company dodged this specific legal bullet, they’ve still got a massive reputation stain to scrub off, and the guys who lost their shirts in the sell-off are officially out of luck.
Note: just vti and chill.
The stock is almost double what it was then, the only victims are the customers as usual
Didn’t they get the $10 gift card?
Crowdstrike dropped but recovered and exceeded the previous high in less than 6 months. Sounds like someone is just big mad they sold for no reason.
Subsidize my losses and privatize my gains, please.
I don’t understand. Isn’t the only way to incur a loss is if they sold or a triggered stop-loss order?
This is the gamble with investing you shouldn’t get bailouts unless the company was committing fraud like ENRON