• 5 Posts
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Joined 1 year ago
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Cake day: July 1st, 2023

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  • [S]hareholders said they learned that CrowdStrike’s assurances about its technology were materially false and misleading when a flawed software update disrupted airlines, banks, hospitals and emergency lines around the world.

    I don’t see how they can make this argument.

    Falcon is a kernel module. When kernel modules fuck up, you get kernel panics.

    Sure, the layperson may not know enough about computers to recognize this, but it’s a basic enough fact about operating systems that an investor in a company like this should take the time to learn. It’s not like they hid that fact.

    If you invested in a company without knowing how their product works, that’s on you.