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Max Knoblauch

CrowdStrike sinks after-hours following the release of its second-quarter earnings

Shares of cybersecurity firm CrowdStrike fell by more than 6% after-hours, following the release of the company’s second-quarter earnings report.

CrowdStrike posted earnings of $0.93 per share, better than the $0.83 earnings per share analysts expected. Its quarterly revenue grew 21% year over year to $1.17 billion, better than the $1.15 billion consensus from analysts polled by FactSet. Annual recurring revenue climbed 20% to $4.66 billion.

The company’s third-quarter revenue guidance — between $1.21 billion and $1.22 billion — came in slightly below Wall Street estimates.

The second quarter marked the one-year anniversary of CrowdStrike’s massive IT outage last July that caused thousands of flight cancellations globally. Costs related to the outage have reached more than $75 million on the year.

CrowdStrike on Wednesday afternoon also announced plans to acquire Onum, a company that specializes in data management.

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The Switch 2 launched on this day in 2025. Amid a rough year for consoles, Nintendo has logged a good one.

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Max Knoblauch

GM has reportedly rehired more than 100 former Cruise employees, 18 months after shuttering the robotaxi unit

GM has rehired more than 100 employees it let go early last year when it shuttered Cruise, its former robotaxi business, according to reporting by The Information.

The hiring spree, which also includes employees from Nvidia and Uber, is geared toward ramping up GM’s plans for personal-use self-driving vehicles and not robotaxis. The former had been the focus of Cruise, prior to GM shuttering it in 2024.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

Exclusive: With Some 100 Rehired Cruise Employees, GM Pursues Eyes-Off Autonomous Cars

Exclusive: With Some 100 Rehired Cruise Employees, GM Pursues Eyes-Off Autonomous Cars

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

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McDonald’s has a new strategy: Make its stores “easier to run”

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