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Honest question, what should they do? Uninstall the company and give up? Ignoring their actual response, what is a good response to this?

andy81 2y ago
The company should be fined so heavily that they become a goverment asset. With current shareholders wiped out entirely, it should then be re-listed.
- amluto 2y ago
  IMO the company that this should have happened to is PG&E. I think California could have forced them into liquidation and bought their assets. No bailout required, complete loss for shareholders, and CA could potentially have fixed much of its disastrous utility situation at a reasonable price. A company-ending fine or judgment against Crowdstrike wouldn’t come with any great reason for a public takeover — Crowdstrike could cease to exist and the overall ecosystem would be fine.
  - hansvm 2y ago
    Outside of Alaska and Wyoming, Silicon Valley has the worst power and internet of anywhere I've ever lived (worse than AR, MN, and ND by a longshot), measured either in incremental cost or uptime/availability. The fact that PGE keeps requesting additional rate increases "for fire safety" and immediately kicks those back to shareholders isn't a great look either.
gleenn 2y ago
If my company causes billions in damages and endangers human lives, I can't imagine why my company isn't bankrupted and dissolved.
- IAmGraydon 2y ago
  Ok, but the market makes that decision, not the company. Crowdstrike has no choice but to accept the sentence the market hands it. It’s just that the market appears to have sentenced it to…barely anything. Blame those still using CrowdStrike after this incident.
  - xenocratus 2y ago
    If your company causes damage at society-scale (hell, even if it does major damage to one person's life), the state should be ready to intervene and make the company pay the tab for the damage they caused? Like, that doesn't sound very controversial.
    - sb8244 2y ago
      Yea. Their contracts likely have clauses for all of that. I say likely, but we already know this is true because it's come out. The thing is, crowdstrike isn't the only incompetent party here. Many major companies (looking at Delta) probably made it worse for themselves with a very poor response after. So should crowdstrike pay beyond a reasonable measure because of Delta's poor response?
      - eftychis 2y ago
        No contract clause can protect you from a gross negligence tort. (Or equivalent in one's respective civil law system.) This might be the easiest gross negligence tort case to show and litigate-- still hard but if everyone starts the lawsuits they can not pull the contract to protect them. They will try of course and they will fail in most but the obvious cases. What you can not sue them for is not forseeable damages -- e.g. I lost my dream job because the computer died during the interview. But ceasing operations of a company is generally fair game. And plaintiffs can argue that no reasonable person could forsee and mitigate against this disaster so the failure is not due to plaintiff's "fault" negligence.
        tiahura 2y ago
        Reckless typically requires conscious disregard of risk. Arguably, that would require Crowdstrike emails from programmers saying “this is risky, we need to test it” and management responding “F it! We’ll do it live!” If nobody in CS realized how dangerous their process was, it’s not reckless.
wiseowise 2y ago
Hide themselves from the face of the world for at least 5 years until people somewhat forget about them.

andy81 2y ago

The company should be fined so heavily that they become a goverment asset. With current shareholders wiped out entirely, it should then be re-listed.

amluto 2y ago
IMO the company that this should have happened to is PG&E. I think California could have forced them into liquidation and bought their assets. No bailout required, complete loss for shareholders, and CA could potentially have fixed much of its disastrous utility situation at a reasonable price. A company-ending fine or judgment against Crowdstrike wouldn’t come with any great reason for a public takeover — Crowdstrike could cease to exist and the overall ecosystem would be fine.
- hansvm 2y ago
  Outside of Alaska and Wyoming, Silicon Valley has the worst power and internet of anywhere I've ever lived (worse than AR, MN, and ND by a longshot), measured either in incremental cost or uptime/availability. The fact that PGE keeps requesting additional rate increases "for fire safety" and immediately kicks those back to shareholders isn't a great look either.

gleenn 2y ago

If my company causes billions in damages and endangers human lives, I can't imagine why my company isn't bankrupted and dissolved.

IAmGraydon 2y ago
Ok, but the market makes that decision, not the company. Crowdstrike has no choice but to accept the sentence the market hands it. It’s just that the market appears to have sentenced it to…barely anything. Blame those still using CrowdStrike after this incident.
- xenocratus 2y ago
  If your company causes damage at society-scale (hell, even if it does major damage to one person's life), the state should be ready to intervene and make the company pay the tab for the damage they caused? Like, that doesn't sound very controversial.
  - sb8244 2y ago
    Yea. Their contracts likely have clauses for all of that. I say likely, but we already know this is true because it's come out. The thing is, crowdstrike isn't the only incompetent party here. Many major companies (looking at Delta) probably made it worse for themselves with a very poor response after. So should crowdstrike pay beyond a reasonable measure because of Delta's poor response?
    - eftychis 2y ago
      No contract clause can protect you from a gross negligence tort. (Or equivalent in one's respective civil law system.) This might be the easiest gross negligence tort case to show and litigate-- still hard but if everyone starts the lawsuits they can not pull the contract to protect them. They will try of course and they will fail in most but the obvious cases. What you can not sue them for is not forseeable damages -- e.g. I lost my dream job because the computer died during the interview. But ceasing operations of a company is generally fair game. And plaintiffs can argue that no reasonable person could forsee and mitigate against this disaster so the failure is not due to plaintiff's "fault" negligence.
      - tiahura 2y ago
        Reckless typically requires conscious disregard of risk. Arguably, that would require Crowdstrike emails from programmers saying “this is risky, we need to test it” and management responding “F it! We’ll do it live!” If nobody in CS realized how dangerous their process was, it’s not reckless.

wiseowise 2y ago

Hide themselves from the face of the world for at least 5 years until people somewhat forget about them.