ALBAWABA - Leading global software company Microsoft suffered a substantial decline in market value of around $60 billion as a result of a technical failure late on Thursday night. Following hours trade saw a 2% decline in the company's shares as a result of the interruption, which affected several firms throughout the globe.
The unanticipated technical problem caused Microsoft's stock to plunge sharply, significantly lowering the company's market value. The outage affected several businesses worldwide and caused a great deal of trouble.
When addressing the internet outage, Microsoft Azure said that it affected Windows-based devices as well as the CROWDSTRIKE FALCON AGENT. The business is now looking at potential steps Azure users might take to reduce the likelihood of future disruptions of this kind.
Microsoft's global system was struck with an out of a sudden technical glitch today. This technical glitch caused a global outage that affected major banks, media, airports, airlines, payment systems in Australia and UK, and Sky News went off air.
Microsoft, the American multinational corporation and technology company, announced taking urgent measures to face the major defects in its system. The technical glitch affected many companies and corporations on a very large global scale.
Several oil and gas trading companies in London and Singapore are still facing difficulties in carrying out transactions due to the Internet disruption, while Sky News, the British channel went off air as David Rhodes, CEO of Sky News, announced this morning.
