Netflix Blames Amazon for Christmas Eve Outage

Its streaming video service went dark for the afternoon and overnight

   
Netflix Blames Amazon for Christmas Eve Outage

NetflixPromo Netflix Blames Amazon for Christmas Eve OutageAt 3:30 pm Eastern time on Christmas Eve, Netflix (NASDAQ:NFLX) got hit with a massive outage. It wasn’t actually until the next morning that the company restored the service.

But Netflix was quick to blame its Web-hosting partner, Amazon (NASDAQ:AMZN), whose server malfunction also hit other websites, such as Salesforce.com’s (NYSE:CRM) Heroku.

While Amazon hosting platform has become a key driver of e-tailer’s growth, it has also been far from perfect. So far this year, it has suffered three major outages.

However, the latest one doesn’t seem to be too much of a concern for investors. In today’s early trading, Amazon’s shares are off by less than 1%.

Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of “How to Create the Next Facebook” and “High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders.”  Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2012/12/netflix-blames-amazon-for-christmas-eve-outage/.

©2014 InvestorPlace Media, LLC

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