Stan Choe,The
Stan Choe is a financial journalist with extensive experience covering the stock market and financial news. He has written for numerous publications including Fortune, where he focuses on Wall Street and the technology industry's impact on finance. His articles often explore topics such as cybersecurity, software updates, and their effects on global markets.
Biography:
https://fortune.com/author/stan-choe/
66%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
50%
Examples:
- The author reports on the impact of a software update on Wall Street and CrowdStrike, without disclosing any personal or financial connections to either party.
Conflicts of Interest
100%
Examples:
- The author reports on the financial impact of the CrowdStrike incident without disclosing any personal or financial connections to either party.
Contradictions
33%
Examples:
- CrowdStrike reported a faulty update caused the issue affecting Microsoft Windows users, resulting in their stock plunging over 12%.
- CrowdStrike shares slipped 13% during Monday’s trading session as the cybersecurity software company continued to help clients across industries recover from an outage that took millions of Microsoft Windows devices offline last week.
- Short sellers made $978 million in profits from betting against CrowdStrike after a software update caused an IT outage and stock drop.
Deceptions
40%
Examples:
- CrowdStrike’s stock plunged more than 15% as soon as trading began, but it then pared its loss to a drop of 12.2%.
- The broad S&P 500 index is on track for its worst week since April.
- The S&P 500 fell 0.7% Friday, its third straight drop since setting a record high on Tuesday.
Recent Articles
Microsoft Windows Update Causes Global IT Disruptions: CrowdStrike Loses $978M, Comerica Drops 10%
Broke On: Friday, 19 July 2024A global technology glitch caused by a faulty Microsoft Windows update led to widespread disruptions in industries like flights, banking, and medical offices. Companies such as CrowdStrike Holdings Inc. and Comerica Incorporated suffered significant losses due to IT outages and stock drops. The cybersecurity industry faced scrutiny following the incident, with experts questioning the reliability of security solutions from major players.