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CrowdStrike Stock Plunges, Rivals Jump, as Update ‘Defect’ Causes Microsoft Outage

KEY TAKEWAYS CrowdStrike shares plunged in premarket trading Friday, while those of its rivals surged, after the cybersecurity firm said an update "defect" caused Microsoft's cloud services outage. The outage impacted services globally of airlines, banks, and other businesses Friday. Wedbush analyst Dan Ives told CNBC that while CrowdStrike's long-term story stayed intact, rivals "will try to…

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