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The sad thing is - $MSFT isn't even down by 1%. And IIRC, $AMZN actually went up during their previous outage. So if we look at these companies' bottom lines,
by hedayet 1y ago
The sad thing is - $MSFT isn't even down by 1%. And IIRC, $AMZN actually went up during their previous outage.
So if we look at these companies' bottom lines, all those big wigs are actually doing something right. Sales and lobbying capacity is way more effective than reliability or good engineering (at least in the short term).
- navane 1y agoLook how important we are, is what these failures show
- marcosdumay 1y agoWhat do you mean? That IT isn't important for Microsoft and Amazon? That's certainly not the right conclusion.
- alt227 1y agoI think he was implying that those companies think they are so important that it doesnt matter they are down, they wont loose any customers over it because they are too big and important.
- cyberax 1y agoSo we can look forward to "accidental" cloud outages just to show their importance? I guess the GCP is next.
- Arrath 1y ago"They'll learn their lesson and be rock solid after this! I better invest now!"
- locusofself 1y agoAMZN went up almost 4 percent between the day of the outage and the day after. Crazy market.
- jlarocco 1y agoBecause it shows how much lock-in they have. You know nobody is migrating off of AWS or Azure because of these.
- AtNightWeCode 1y agoI looked into this before and the stocks of these large corps simply does not move when outages happens. Maybe intra-day, I don't have that data, but in general no effect.
- iamtheworstdev 1y agowell, at this point, 90% of the market cap of FAANGS plus Microsoft is... OMG AI LLM hype
- bigstrat2003 1y agoThat's a good thing. Stock prices shouldn't go down because of rare incidents which don't accurately represent how successful a company is likely to be in the future.