A faulty CrowdStrike update caused a massive global IT outage affecting millions of Windows machines, leading to estimated losses of $15 billion. The outage impacted numerous industries, and insurance payouts are expected to be significantly lower than the actual losses.
Amidst the excitement surrounding the highly anticipated Grand Theft Auto VI (GTA 6), Take-Two Interactive, the parent company of Rockstar Games, has announced a significant loss of $2.9 billion. Despite confirming a Fall 2025 release date for GTA 6, Take-Two has not provided specific details. This financial setback has raised concerns regarding the game’s development and has shed light on recent layoffs within the company.
Real estate developer Sam Mizrahi has filed a lawsuit against Edward Rogers and Constantine Enterprises Inc., alleging obstruction and financial losses in their joint condo projects. The lawsuit seeks $100 million in damages and accuses the defendants of breach of contract, negligence, and breach of fiduciary duty. Constantine disputes Mizrahi’s claims, asserting that he agreed to share project losses equally.
Boeing reported a $355 million loss in the first quarter of 2024, reflecting growing concerns about the safety of its aircraft. A mid-flight cabin panel blowout on an Alaska Airlines flight in January exposed issues within Boeing’s manufacturing processes, leading to scrutiny and production restrictions. Despite financial challenges, the company’s CEO emphasized the priority of safety and quality, assuring customers that production would slow down to address concerns. whistleblowers have come forward with complaints against the group, highlighting issues in the manufacturing of Boeing 737 and 787 jets.
Boeing faced a $355 million loss in the first quarter due to declining revenue, highlighting ongoing challenges for the aircraft manufacturer. The company’s focus remains on addressing manufacturing issues and safety concerns raised by the recent Alaska Airlines flight incident. Despite the financial loss, Boeing CEO David Calhoun expressed confidence in the company’s recovery.
Stephanie Aimee Kalms, a fitness influencer with over 30,000 followers, has faced severe financial and reputational consequences after being caught supplying steroids. Despite not profiting from the sales, Kalms’s business was decimated, resulting in an estimated $100,000 loss of income. The court acknowledged the ‘humiliation’ she suffered and the potential damage to her career, but declined to record a criminal conviction in recognition of her lack of profit motive.
An executive in Mira Road, Mumbai, has fallen victim to investment fraud and lost Rs 31 lakh. The accused, a woman, lured him with promises of extra part-time income through share trading. The man invested around Rs 31 lakh but was unable to withdraw his profits. The fraudsters stopped responding to his calls and messages, prompting him to approach the Nayanagar police station. Investigation is underway under the Indian Penal Code and IT Act.
