Geopolitics Alpha

Microsoft ‘deeply sorry’ for global disruption that could have billion-dollar impact on Australia

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GEOPOLITICS ALPHAMicrosoft ‘deeply sorry’ forglobal disruption that could havebillion-dollar impact on AustraliaMSFTGEOPOLITICS ALPHA

Experts say outage exposes ‘Australia’s reliance on foreign technology’ as software giant says services being restored Get our breaking news email , free app or daily news podcast The Microsoft outage could be a disaster for the Australian economy that forces some small businesses to close, with costs expected to run into the billions of dollars, experts have warned. The US software company has said it is “deeply sorry” for a widespread outage that caused disruption to millions of users, organisations and businesses across the globe – and that it has “addressed the underlying issue”. Continue reading...

Directly affected

  • MSFT Microsoft+1.1% 30d

    Named in this report.

Indirectly affected

  • IGV iShares Expanded Tech-Software ETF

    iShares Expanded Tech-Software ETF: it holds software companies. Linked by “software” (software) in this story.

  • EWA iShares MSCI Australia ETF+2.0% 30d

    iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australia”).

  • ORCL Oracle-4.8% 30d

    Oracle (prepackaged software): software firms move with business tech spending. Linked by “software” (software) in this story.

  • CRM Salesforce-7.3% 30d

    Salesforce (prepackaged software): software firms move with business tech spending. Linked by “software” (software) in this story.

  • GOOGL Alphabet-15.7% 30d

    Alphabet (computer programming, data processing, etc.): software firms move with business tech spending. Linked by “software” (software) in this story.

  • PLTR Palantir Technologies-9.2% 30d

    Palantir Technologies (prepackaged software): software firms move with business tech spending. Linked by “software” (software) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
MSFT+4.01%-0.68%baseafter closeafter closeafter closeafter close
IGV+0.25%+1.09%baseafter closeafter closeafter closeafter close
EWA+2.03%+1.10%baseafter closeafter closeafter closeafter close
ORCL-4.47%+2.35%baseafter closeafter closeafter closeafter close
CRM-1.37%+0.01%baseafter closeafter closeafter closeafter close
GOOGL-2.59%-0.76%baseafter closeafter closeafter closeafter close
PLTR+0.69%+2.62%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Experts say outage exposes ‘Australia’s reliance on foreign technology’ as software giant says services being restored Get our breaking news email , free app or daily news podcast The Microsoft outage could be a disaster for the Australian…

Source: The Guardian

This story

CompanyWhenMoveStatus
CRMthree days earlier+0.01%final price
CRMfive days earlier-1.37%final price
EWAthree days earlier+1.10%final price
EWAfive days earlier+2.03%final price
GOOGLthree days earlier-0.76%final price
GOOGLfive days earlier-2.59%final price
IGVthree days earlier+1.09%final price
IGVfive days earlier+0.25%final price
MSFTthree days earlier-0.68%final price
MSFTfive days earlier+4.01%final price
ORCLthree days earlier+2.35%final price
ORCLfive days earlier-4.47%final price
PLTRthree days earlier+2.62%final price
PLTRfive days earlier+0.69%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Microsoft ‘deeply sorry’ for global disruption that could have billion-dollar impact on Australia” scores 12 out of 100. The score uses 1 sources.