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Crowdstrike's stock closed at $343 yesterday, I imagine that and MSFT are going to be cratering later this morning.



Pro tip: your stock can't go down if you crash the stock exchange


It honestly did not occur to me. In all seriousness, was stock exchange ever really hacked ( not just data exfiltration -- write access to everything )?


Trading has been halted on stock exchanges due to technical issues many times. But there's are also more than one stock exchange.


No, it can't, if there is no stock exchange online to process the prices.


"Tell me, Mr. Anderson, what good is a phone call when you are unable to speak?"


Pretty good time to buy MSFT I would imagine, given that this isn't really their fault.


So far MSFT is down by ~2%... Even Crowdstrike is only -20%. When they probably did more damage in a day their entire net worth.


I'm mystified it's not much lower. Perhaps the market hasn't really priced in the damage yet.


Yeah, if I had a spare million, I can imagine buying that dip.


I'd expect crowdstrike to take a big hit. Between this and the russian hack [edit: actually not, sorry, confused with SolarWinds], I am not sure they are not causing more problems than they solve.


Crowdstrike was hacked by Russians?


Sorry I confused them with SolarWinds. Strike that


it hovers around -20% in pre-market (at the moment)


MSFT will be fine. They are riding the AI waves, this is not meaningful, especially since they are not at fault.


The waves that are already looking like a storm in a teacup ?

There is no 'AI', that is always only hype. There is machine learning, which is a very powerful technology but I doubt MSFT will be leading that revolution. As for LLMs, MSFT might have some competitiveness there but I doubt it's going to be a very lucrative market. MSFT is highly overvalued.


<< There is no 'AI', that is always only hype. There is machine learning, which is a very powerful technology

I agree with you on the technical aspect, but the distinction makes regular people eyes glaze over within 5 seconds of that explanation. AI as a label for this is here to stay the same way cyber stopped meaning text sex of IRC. The people have spoken.

<< MSFT is highly overvalued.

Yes, but so is NVDA, the entire stock exchange and US real estate market. We are obviously due for a major correction and have been for a while. As in, I actually moved stuff around in my 401k to soften the blow in that event 2 years ago now. edit: yes, I am a little miffed I missed out on that ride.

So far, everything was done to prevent hard crash and in the election year, that is unlikely to change. Now after the election, that is another story altogether.

<< I doubt MSFT will be leading that revolution.

I think I agree. I remain mildly hopeful that the open model approach is the way.


https://www.aqr.com/-/media/AQR/Documents/Whitepapers/Unders...

You should stop trying to predict the next crash. According to the study, most people (including institutional investors) consistently believe there is a >10% chance the market will crash in the next 6 months when historically the probability is only 1%


<< You should stop trying to predict the next crash.

Hmm? No. I will attempt to secure my own financial interest.

<< According to the study, most people (including institutional investors) consistently believe there is a >10% chance the market will crash in the next 6 months when historically the probability is only 1%

Historically is doing a fair amount of work here. I would argue there is little historical value to the data we face. Over the past few decades we went through through several mini revolutions ( industrial, information and whatever they end up calling now ) in terms of how we work, eat, communicate and, well, live.

All of these have upended how humans interact with the world effectively changing the calculus on the data that preceding it if not nullifying it altogether in some ways.

Your argument is to stop worrying since you are likely wrong anyway, by a factor of 10. I am saying is 1935 people also thought they have time to ride the wave.

edit: ok, need coffee. too many edits


> Now after the election, that is another story altogether.

Agree. First half of 2025 could be pretty spectacular (if/when we get through 2024).

I suspect there might be some pretty radical plans for US debt monetisation being drawn up, to be implemented early in the new presidential term.


My brain goes there too, but the other part of my brain says "line always goes up." The richest among us are heavy owners of stocks, and this country does everything it can to keep those numbers up. Look at that insane COVID V-shaped recovery that happened. That's just not a real/natural market reaction in my book.


The worst part is that I get the need to do something to rein it in, but I get the feeling it will, as always, not be the actual rich ( owns color blue rich level ), who will suffer from those plans. There are less and less moves the government has as time progresses.


It may not be their fault directly but it is causing Windows systems to bluescreen, which IS their fault and their responsibility, ultimately.


How is it their fault and responsibility? Isn’t falcon sensor basically running like a kernel module? Does it mean that Windows is not engineered properly when it can be crashed by this?


Are you saying that they should prevent or limit the ability of their users from installing third party software? Or at the very least prevent it from running in kernel mode?


A more reasonable claim would be that microsoft should have a way to allow virus-scanners to run without needing to be able to crash the kernel.

That isn't an easy thing to do, but it should be possible.


I don't think that is possible. How can an anti-virus not in kernel mode defend against viruses running in kernel mode then?


Ebpf can, I believe, not crash the Kernel


Windows blue screen was never Microsoft's responsibility. /s




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