How rich are the owners of CrowdStrike, which caused Microsoft’s embarrassment, and what will be the impact of the mistake? – 2024-07-22 23:05:14

by times news cr

2024-07-22 23:05:14
New Delhi: Millions of Microsoft Windows users around the world faced a big problem yesterday. This problem was caused by a glitch in the computer’s operating system. Due to this glitch, suddenly only a ‘blue screen’ started appearing on the computer screen. Computers either suddenly shut down or restarted. This problem occurred due to a technical glitch in the cyber security company CrowdStrike. CrowdStrike provides security solutions to Microsoft. This problem had a very bad impact on work around the world.

Who are the owners of CrowdStrike?

CrowdStrike was founded in 2012 by former McAfee employee George Kurtz. It includes retail, institutional and individual investors. Two main groups invest in the company’s shares. Institutional investors control about 40 percent of the total, while public firms and private investors own the remaining 57%.

US investment fund The Vanguard Group is the largest investor in the company with about 6.79 per cent. A conspiracy theory about CrowdStrike’s ownership emerged after the company’s investigation into Russian interference in the 2016 US elections, which was debunked. In 2019, former US President Donald Trump brought up the conspiracy theory during a phone conversation with Ukrainian President Vladimir Zelensky.

The company was listed in 2019

George Kurtz is the co-founder and CEO of CrowdStrike, a leading cloud-based cybersecurity company based in Sunnyvale, California. He founded this company in 2011 along with Dmitry Alperovitch. CrowdStrike has become a leading company in the cybersecurity industry. It provides advanced security to organizations around the world. The company was listed in 2019. This is an important milestone in its development.

How rich is George Kurtz?

According to Forbes report, Kurtz owns about 5 percent of CrowdStrike. As of Thursday, his net worth was $3.2 billion. It is another matter that after CrowdStrike’s shares fell 11 percent on Friday, his net worth fell to $2.9 billion. In this way, his net worth decreased by $300 million in a single day. CrowdStrike recorded a revenue of $2.24 billion in the financial year ended January 31, 2023.

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