This is a news story, published by Sky News, that relates primarily to CrowdStrike news.
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global IT outageSky News
•80% Informative
CrowdStrike shares fell by only 11% having been down by twice as much during pre-market trade.
Investors are reasonably confident CrowdStrike will not be on the hook for compensation.
Among the heaviest losses are likely to be in the aviation industry as it appears to have been the sector most badly affected.
Some analysts think the broader IT sector could benefit from the outage as customers rush to invest in continuity preparation.
It is far from clear what the financial consequences of this outage will be - less still who will pick up the tab.
It would be similarly ironic were the IT sector to benefit from increased spending by clients following this outage.
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