The crash event triggered a sharp drop in CrowdStrike's stock price, and at this time, Ark Investment Management, a subsidiary of "Wood Sister" Casey Wood, chose to buy at the bottom.
According to exchange documents, on July 19th local time, after the crash, two ETFs under Ark Investment Management purchased 38595 shares of CrowdStrike stock worth approximately $13.24 million; Increased holdings of 38519 shares of software development platform GitLab, valued at slightly over $2 million; 16758 shares of Coinbase stock and 88545 shares of Roblox stock were sold, and 17607 shares of Tesla stock were also reduced.
CrowdStrike is a leading cybersecurity company in the United States, with 271 of the Fortune 500 companies being its customers, including Microsoft, Amazon, AWS, and many government agencies (such as the top cybersecurity agencies and infrastructure security agencies in the United States) using its software.
On Friday (July 19th), a bug in its upgraded security software caused the Microsoft Windows system to crash, resulting in multiple employees' computers being unable to start and experiencing a "blue screen crash" phenomenon. It also affected airports, medical services, and global supply chains in many countries around the world, and may take several weeks to fully recover.
Foreign media cited the views of cybersecurity consultants, describing it as the "largest IT outage in history" and a reinforced version of the millennium bug event.
After the crash, on July 19th, CrowdStrike's US stock market fell 15% during trading. As of the close, the decline narrowed to 11%, marking the largest daily drop since 2022, closing at $304.96 per share with a latest market value of $74.2 billion, evaporating nearly $10 billion overnight.
At present, the incident is still fermenting, and the mess caused by the CrowdStrike malfunction includes: multiple government departments in the United States have been affected to varying degrees, thousands of flights worldwide have been cancelled, financial transactions have been interrupted, medical services have been delayed, television stations have been taken offline, factories have been shut down, and so on.
According to Bloomberg, both the Federal Bureau of Investigation and the Department of Justice have encountered blue screen issues with employees' computers, and the Department of Justice is still working to resolve the problem; The help desk service of its Ministry of State has been temporarily suspended and has now resumed; The expenditures of its Ministry of Finance and the National Taxation Bureau system experienced a "brief interruption, but were quickly resolved"; The US Department of Defense is one of the few departments that has not been affected.
In addition, some members of Congress in the United States have had their travel blocked, and the members attending the Milwaukee Republican National Convention are one of the thousands of travelers stranded due to network disruptions.
The aviation industry is the most affected industry. According to data from aviation analysis company Cirium, there were over 110000 scheduled commercial flights worldwide on Friday, of which over 5000 were cancelled, accounting for 4.6% of the original planned flights, and more flights are expected to be cancelled.
According to flight tracking service FlightAware, United Airlines is one of the most severely affected airlines, with 20% of its flights cancelled. Airports from Los Angeles to Singapore, Amsterdam, and Berlin have all stated that airlines are using handwritten boarding passes to process passengers' check-in procedures.
Tesla factories in the United States were also affected by this incident. Insiders revealed that Tesla's super factories in Austin, California, Texas, and Nevada all had some workers leave early. Until Friday noon, although some production lines in the factory were still running, the affected workers had not yet received notification of when production could resume.
In addition, Amazon warehouses and internal software were disrupted. Three Amazon warehouse employees reported that the AtoZ application, which employees use to manage schedules and submit vacation requests, was unavailable due to a malfunction early on Friday morning, but some areas have now been restored.
The ordering service of Starbucks stores has also been interrupted as a result, with some stores temporarily closed or customers ordering offline and only accepting cash.
Multiple banks and financial service companies have warned customers of business interruptions, and traders in various markets have also reported encountering problems while executing trades. Insurance companies may face a large number of business interruption claims.
The US healthcare provider reported that this interruption has affected the operations of many call centers, patient portals, and other platforms. For example, Massachusetts General Hospital in Boston stated that the hospital currently only offers emergency services, and Tufts Medical Center reminds patients that there may be delays in seeking medical treatment or rescheduling appointments.
Many media outlets have ceased broadcasting, including Sky News, one of the major broadcasting companies in the UK, and CNBC's live blog.
However, the good news is that over time, more and more companies have resumed normal services, including Spanish airport operator Aena, American Airlines United Airlines, American Airlines, and Commonwealth Bank of Australia. CommonSpirit Health, which provides medical services to 150 hospitals in 24 states in the United States, has also successfully restored many computers to normal and many hospitals have resumed normal operations.