Earnings report typo causes Crowdstrike stock plungePosted: Updated:
Here are the latest business headlines from Cheddar.
Crowdstrike saw its stock drop because of a typo. The cybersecurity firm omitted a number in its quarterly report, which sent the stock plunging 6% as investors rushed to dump shares all together. But it recovered most of its gains once it reissued the report with the correct figure, which then sent the stock back up 6%.
Facebook is reportedly in advanced talks to lease a huge amount of office space in New York City across the street from Madison Square Garden, according to the Wall Street Journal. The building the company has its eyes on is a 700,000 square-foot space in the old Farley Post Office building. This, of course, would be in addition to the 1.5 million square-feet it currently occupies at nearby Hudson Yards.
A major union is accusing Google of illegally firing workers in order to keep them from organizing a union. The Communications Workers of America Union has filed a federal labor charge against Google. The union says the company illegally fired four employees in order to deter a union. Google says the fired workers violated data security policies.