{"id":836050,"date":"2024-07-23T09:16:51","date_gmt":"2024-07-23T03:46:51","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=836050"},"modified":"2024-07-23T09:24:08","modified_gmt":"2024-07-23T03:54:08","slug":"crowdstrike-short-sellers-net-461-mn-after-stock-plunges-on-windows-outage","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/23\/crowdstrike-short-sellers-net-461-mn-after-stock-plunges-on-windows-outage\/","title":{"rendered":"CrowdStrike short sellers net $461 mn after stock plunges on Windows outage"},"content":{"rendered":"<p>Short sellers piling into bets against CrowdStrike Holdings Inc. were rewarded Friday when a botched software update from the firm sparked a global IT outage and sent shares plunging to their worst day since November 2022. <\/p>\n<p>The contrarian group reaped paper profits of $461 million on the cybersecurity software company\u2019s 11% drop, according to data from S3 Partners LLC. The selloff was enough to swing CrowdStrike short sellers to gains year to date. Shares of the company fell as much as 13% Monday, adding even more to the cohorts\u2019 mark-to-market profits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Short sellers piling into bets against CrowdStrike Holdings Inc. were rewarded Friday when a botched software update from the firm sparked a global IT outage and sent shares plunging to their worst day since November 2022. The contrarian group reaped paper profits of $461 million on the cybersecurity software company\u2019s 11% drop, according to data from S3 Partners LLC. The selloff was enough to swing CrowdStrike short sellers to gains year to date. Shares of the company fell as much as 13% Monday, adding even more to the cohorts\u2019 mark-to-market profits.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-836050","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/836050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=836050"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/836050\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=836050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=836050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=836050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}