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I'm no lawyer, but I have to imagine that if Delta can successfully sue CrowdStrike for this, enough other lawsuits will follow that CrowdStrike would be forced
by jredwards 2y ago
I'm no lawyer, but I have to imagine that if Delta can successfully sue CrowdStrike for this, enough other lawsuits will follow that CrowdStrike would be forced into bankruptcy.
- bufferoverflow 2y agoCS is valued at $63B. That's after they lost 34% in value. The damages are estimated at $5.4B. I think they can survive this. Though their reputation took a much bigger hit.
- from-nibly 2y agoValued at and have enough cash for are two different things. Their value relies on them not selling billions in stocks to cover a lawsuit. As they sell their stock will go down as will their valuation. Also losing multiple lawsuits can cause investors to get spooked further lowering the stock price. Its not impossible