4 ms·
CrowdStrike is not worth 83B Dollars
- thanatos519 2y agoNow it's not worth $83.
- bnchrch 2y agoFor those that come straight to the comments: This reddit post was written hours before the outage
- deleted 2y ago[deleted]
- neilv 2y agoAmusing conspiracy theory: 1. Quietly compromise enterprise IT vendor X. 2. Sockpuppet post on /r/wallstreetbets, suggesting shorting X, for any reason (doesn't matter why). 3. Place big bet against X's stock. 4. Use your compromise of X to accelerate a big public failure by X. 5. Profit, and the WSB post by your sockpuppet is your plausible reason for shorting X, and you're only one of a crowd who did so. 6. Bonus: sockpuppet account becomes WSB folk hero, as others also profit from tip, which is political capital you can spend later.
- a0123 2y agoCan't use X like that anymore. Makes it sound like you're talking about the site formerly known as Tiwtter.
- josefritzishere 2y agoElon ruined the letter X.
- nikau 2y agoi thought that was wayland
- neilv 2y agoWe shouldn't let billionaires destroy language, and we don't have to.
- quantified 2y agoWhy not? They chose to be named as the most popular independent variable of all time. It would be super ironic if we change how we refer to things because of their preferences for calling themselves.
- tonynator 2y agoSimply search "crowdstrike" or "crwd" in the subreddit for evidence of regular posts about this stock, both positive and negative. Just a coincidence, and not really that special of one. HN should be smarter than this
- deleted 2y ago[deleted]
- deadbabe 2y agoBeing able to take down half the internet is a pretty good demonstration of a company’s power. I’d say it’s definitely worth at least 83B.
- hipadev23 2y agoIt’s gonna bounce next week. Buying calls. Shows how pathetic global companies are to purchase their bullshit unnecessary software.
- deadbabe 2y agoExactly. They’re going to fix this and then what? Back to business as usual.
- deliveryboyman 2y agoPossibly. Or this could be a Boeing type situation where the stock price continues to fall. Post your calls position if you’re serious.
- osigurdson 2y agoI don't think took down "half the internet" since the internet runs majority Linux.
- 2y ago
- whycome 2y agoThe timing of this is so absurd it's almost more believable that the poster was shorting this stock.
- tonynator 2y agoThere are WSB posts all the time both positive and negative about all large companies. Simply search "crowdstrike" or "crwd" in the subreddit for evidence of regular posts. Just a coincidence, and not really that special of one.
- dboreham 2y agoThe post says they hold a short position.
- flerchin 2y agoThey're up more than double YoY as of right now. Down ~30% from peak mostly due to the events today. It's not clear to me if the OP on this is "in the money". I don't fully grok options trading. She says: > My Position: CRWD $185 Put, 11/21/25 expiration date,. 5 contracts @ $7.30, up 16.85% since 06/11/24
- deliveryboyman 2y agoNo, they are not ITM until CRWD hits $180/sh.
- Kirby64 2y ago$185 puts that cost $7.30 mean they are considered ITM if CRWD drops below $184.27, assuming there's no cost to trade and the $7.30 refers to a single options contract (worth 100 shares). There is likely some (or a lot) extrensic value still remaining in the puts given the far away expiry date. The extrensic value is what makes them valuable.
- deliveryboyman 2y agoYes that was a typo. I meant 185. Regardless, all of this is just intellectual play considering the Reddit poster has no desire to exercise their options.
- ketzo 2y agoThose same contracts are currently trading at $13.65, so close to doubled since yesterday. If they sold right now, ~$7000 on ~$3500 invested; not bad.
- yieldcrv 2y agothey should have stuck with the SEC whistleblower bounty program Theyd make way more than that DOOM LEAP they bought, but its worth $13 at time of writing, so 100% people trading the 0DTE made 18,700% though just save this comment for when you understand it
- 2y ago
- observationist 2y agoCrowdstrike is worth whatever they can get people to pay for it. It might not provide that level of value to its clients, but it certainly sells at that price in the market.
- whalesalad 2y agoAyn Rand, is that you? I guess technically speaking you are correct - but that value proposition has evaporated now. They've likely lost all trust with their customers at this point. I do hold IT departments accountable, though. A third party vendor software update should not be able to cripple your entire organization like this.
- a0123 2y agoEspecially since I'm assuming those organisations pay good money for those services (my org hasn't been affected and we don't use them but we're also very small so I wouldn't know).
- FactKnower69 2y agoSuch a worthless type of post to make
- deleted 2y ago[deleted]
- apitman 2y agoThese numbers are old. They need to update it to "CrowdStrike is not worth 73B Dollars"
- bearjaws 2y agoThese are some REALLY dumb takes... > CrowdStrike could potentially behave as a propaganda arm of the US government by creating “fake hacking stories” which are un-disprovable.They are able to do this due to information asymmetries in society. If this is true, then isn't crowdstrike valuation quite low? > It’s prohibitively hard to hack into a “cloud system” due to few possible entry points ?????
- ChrisArchitect 2y agoLeave your reddit nonsense over there. More discussion here: https://news.ycombinator.com/item?id=41002195 https://news.ycombinator.com/item?id=41002195
- binary132 2y agoLisan Al Ghaib!
- 2-3-7-43-1807 2y agonot anymore ... LMAO
- 2-3-7-43-1807 2y agothat reddit post certainly aged well ...