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Corporate workers get a snow day in July because of outage

Economic Times

Economic Times · 1y ago

Corporate workers get a snow day in July because of outage

On Friday, a global technology outage caused distress for millions of people, with airports, hospitals, and emergency lines being affected. However, for some corporate workers, it brought a welcomed chaos akin to a snow day in July. They shared images of error messages on social media, referring to it as "International Blue Screen Day." Major companies such as JPMorgan Chase, Bank of America, and BlackRock were impacted by the outage, highlighting its visibility. While some workers celebrated the unexpected day off, others dealt with the frustrations of canceled meetings and disrupted plans.

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MBA is not what impresses Elon Musk. Check these 6 steps to get hired by X CEO | Mint

Livemint

Livemint · 1y ago

MBA is not what impresses Elon Musk. Check these 6 steps to get hired by X CEO | Mint

Entrepreneur Elon Musk has expressed his skepticism towards MBAs, stating that he hires people in spite of an MBA, not because of one. He believes that too many MBAs are running companies and getting caught up in spreadsheets, losing sight of creating innovative products and services. Musk advises leaders to get involved in the day-to-day activities and demonstrate care and passion. To be hired by Musk, applicants should apply through X's job board, describe exceptional work, undergo interviews and technical screenings.

YouTube down too? Users report video streaming site ‘not working’

Livemint

Livemint · 1y ago

YouTube down too? Users report video streaming site ‘not working’

On March 5th, popular video platform YouTube experienced an outage, with many users reporting errors when attempting to access the site. Reports of downtime peaked around 9pm, with over 3,824 complaints recorded on Downdetector.com. This outage follows a recent Facebook and Instagram outage, where thousands of users were unable to access the platforms. Elon Musk took the opportunity to mock the situation, highlighting that if users were able to read his post, it was because his servers were functioning properly.

A “ridiculously weak“ password causes disaster for Spain’s No. 2 mobile carrier

Arstechnica

Arstechnica · 1y ago

A “ridiculously weak“ password causes disaster for Spain’s No. 2 mobile carrier

Spain's second-largest mobile operator, Orange España, experienced a major outage due to a security breach caused by a weak password. An unidentified party gained access to the company's account managing the global routing table, which controls internet traffic. The breach led to unauthorized changes to the routing table, impacting the delivery of Orange's internet traffic. The weak password was "ripeadmin," discovered via social media by a hacker named Snow. This incident highlights the importance of strong passwords and securing critical accounts.

Mark Zuckerberg's Meta loses $3 billion after Instagram, Facebook global outage

Livemint

Livemint · 1y ago

Mark Zuckerberg's Meta loses $3 billion after Instagram, Facebook global outage

Yesterday, Meta's social media platforms experienced a global outage that lasted for over 30 minutes, affecting billions of users worldwide. The outage resulted in an estimated loss of $3 billion for Meta. Mark Zuckerberg, the CEO of Meta, lost around $2.79 billion in a day, but still remains the world's fourth-richest person. The outage also affected WhatsApp Business, with approximately 200 reports of outages. During the outage, Elon Musk took the opportunity to take a jab at Meta. This incident follows Meta's strong financial performance in February, which increased Zuckerberg's net worth by $27.1 billion.

Amazon India announces Prime Day 2025 dates

Economic Times

Economic Times · 1m ago

Amazon India announces Prime Day 2025 dates

Amazon India announced that Prime Day 2025 will run from July 12 to July 14, marking the first time the event will span three full days. This annual event offers exclusive deals and discounts for Prime members across various categories, including electronics, fashion, home, and more. Prime members will also get early access to new product launches. An Amazon Prime membership in India costs Rs 1,499 annually, providing shopping and entertainment benefits.

NPCI Blames Banks for UPI Outage as Transactions Hit Record

StartupTalky

StartupTalky · 12h ago

NPCI Blames Banks for UPI Outage as Transactions Hit Record

The National Payments Corporation of India (NPCI) attributed a UPI outage on 7 August to internal technical issues at some partner banks, but affirmed that NPCI systems were functioning properly. This incident, affecting millions nationwide, was the fourth major UPI outage in 2025. In response to these issues, NPCI and government officials emphasized the need for enhancing UPI's infrastructure resilience. Despite challenges, UPI transactions hit a record high of 19.47 billion in July 2025.

Google-parent Alphabet cut stake in Crowdstrike before July global outage

Economic Times

Economic Times · 1y ago

Google-parent Alphabet cut stake in Crowdstrike before July global outage

Alphabet, the parent company of Google, has reduced its stake in cybersecurity firm Crowdstrike before the global outage caused by a software update. Alphabet cut its stake from 855,789 shares to 427,895 class A shares. Crowdstrike has not yet responded to requests for comment. The tech outage on July 19, caused by a Crowdstrike software update, impacted various sectors and resulted in a 35% drop in Crowdstrike shares. Shareholders have sued the company over misleading assurances regarding its software. Delta Airlines claims the outage cost them $500 million and is seeking compensation from Crowdstrike and Microsoft.

Delta sues cybersecurity firm CrowdStrike over tech outage that canceled flights

Economic Times

Economic Times · 9m ago

Delta sues cybersecurity firm CrowdStrike over tech outage that canceled flights

Delta Air Lines has filed a lawsuit against cybersecurity company CrowdStrike, alleging that the company's negligence led to a global technology outage that resulted in thousands of flight cancellations in July. Delta is seeking compensation and punitive damages for the outage, which occurred due to a faulty update sent to Microsoft computers. The airline claims that CrowdStrike failed to properly test the update before deploying it worldwide. The US Department of Transportation is investigating Delta's slow recovery from the outage and complaints about their customer service during the incident. CrowdStrike has responded by stating that Delta's claims are based on misinformation and a lack of understanding of cybersecurity.

Walmart changes pay and titles for corporate staff

Economic Times

Economic Times · 1y ago

Walmart changes pay and titles for corporate staff

Walmart is reclassifying many corporate workers into fewer job title groups starting in November, aiming to manage labor costs and simplify the workforce structure. The changes won't reduce base pay or total bonus benefits for any workers, but approximately 4% (2,000 employees) will see a reduction in stock-option awards. The move comes as Walmart's corporate roles have become more varied due to acquisitions and new business lines. Earlier in the month, Walmart also changed its hourly starting wage structure for entry-level store workers.

Microsoft to host cybersecurity summit after CrowdStrike-induced IT outage

Economic Times

Economic Times · 11m ago

Microsoft to host cybersecurity summit after CrowdStrike-induced IT outage

Microsoft is hosting a cybersecurity summit in September to address the issues caused by a faulty update from CrowdStrike, which resulted in a global IT outage in July. The summit will focus on improving cybersecurity systems and will include government representatives. The event is an important step for Microsoft in addressing the disruptions and learning from the incident. The outage highlighted the need for organizations to have effective contingency plans in place for when IT systems or software fail.

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