Cybersecurity firm CrowdStrike saw its shares plunge Friday, after an update led to a major outage, impacting businesses across the world.

Shares of the company, which makes software to help firms manage their security in IT environments, tanked 14% in U.S. premarket trading.

Microsoft, which also reported issues affecting its Azure cloud services and Microsoft 365 suite of apps, fell 2% in premarket trading.

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