Google’s SEC filing reveals stake in CrowdStrike, company behind major internet outage

Alphabet reduced its stake in cybersecurity firm CrowdStrike before a significant software update outage that affected various industries. Alphabet’s holdings decreased from 855,789 to 427,895 shares. The outage led to a 35% drop in CrowdStrike’s stock price and sparked a class-action lawsuit and claims from Delta Airlines for $500 million in damages.