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I can see the adoption of AWS and related services potentially making Amazon so indispensable to the world's governments and banks that its failure might result
by mypastself 5y ago
I can see the adoption of AWS and related services potentially making Amazon so indispensable to the world's governments and banks that its failure might result in disaster, but I don't think any of Facebook's services qualifies.
Unless you're referring to general financial consequences that the failure of any successful company might bring, but that doesn't really make it "too big to fail".
- JohnWhigham 5y agoI mentioned it in my post. Facebook has a near-monopoly on social media networks. If a new one comes up, they'll just buy it. Obvious outlier is Tiktok right now, remains to be seen what happens with them though.
- mypastself 5y agoThat still doesn’t make it “too big to fail”, which is a specific phrase referring to organizations whose failure might have disastrous financial consequences. Their recent outage resulted in some monetary losses, but it didn’t crash the dollar.