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They were valued near $100B prior to this incident and even now their valuation is north of $60B. Even if they were held financially responsible for all $6B in
by CivBase 2y ago
They were valued near $100B prior to this incident and even now their valuation is north of $60B. Even if they were held financially responsible for all $6B in damages - which is definitely not going to happen - that doesn't seem like a company-ending scenario.
Their biggest problem is obviously going to be with customer retention, but there are huge technical and regulatory hurdles their customers would have to go through to switch to a competitor. I'm sure many of their customers will accept this as an isolated incident and be quick to accept CrowdStrike's assurances that this won't happen again.
I think Delta Airlines is probably in more trouble right now than CrowdStrike.
- d1sxeyes 2y agoAs far as I can tell, CS is still up 75% over 12 months.
- quickthrowman 2y agoThey profited ~$125M last quarter, depending on their profit growth it could be 6-12 years of profits if they have to eat $5B of lawsuit judgements. Even 10% of that is the profits from a whole year.