$5.4 billion lost due to blueout

It's been estimated that around $5.4 billion was lost from the CrowdStrike outage according to Axios. On average, affected companies lost around $43.6 million each. The healthcare sector took the biggest hit, forgoing business of around $1.9 billion, while airlines gave up about $850 million in revenue. Sadly it seems that only around 20% of these lost sales were insured.

It is a strong reminder of how connected we are in this day and age. It also shows how important CrowdStrike is to that ecosystem. A compliment but also a curse when something goes wrong.

We are still monitoring the situation closely. It is not yet clear whether there will be substantial lawsuits to deal with. We remain committed shareholders.