Alphabet, the parent company of Google, reduced its investment in cybersecurity firm Crowdstrike, as disclosed in a regulatory filing last Friday. The stake was decreased from 855,789 shares to 427,895 class A shares, effective as of June 30.
Crowdstrike has not yet responded to a request for comment
from Reuters. A worldwide technological disruption on July 19, resulting from a
software update by Crowdstrike, led to widespread system failures across
various industries such as healthcare, banking, and aviation.
Following the outage, Crowdstrike shares have plummeted by
nearly 35%, prompting investors to reassess their security measures and
regulators to question the safety of entrusting complex and critical software
to large corporations.
Shareholders filed a lawsuit against the company on
Wednesday, alleging that misleading information about its software caused the
global outage.
Delta CEO stated on CNBC earlier this week that the airline
incurred a $500 million loss due to the outage and has enlisted legal
assistance to pursue compensation from Microsoft and Crowdstrike.
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