Netflix Blames Amazon for Christmas Eve Outage

by Tom Taulli | December 26, 2012 10:31 am

NetflixPromo Netflix Blames Amazon for Christmas Eve Outage[1]At 3:30 pm Eastern time on Christmas Eve, Netflix (NASDAQ:NFLX[2]) got hit with a massive outage[3]. 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[4]), whose server malfunction also hit other websites, such as Salesforce.com’s (NYSE:CRM[5]) 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[6], 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[7]” and “High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders[8].”  Follow him on Twitter at @ttaulli[9]. As of this writing, he did not hold a position in any of the aforementioned securities.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/04/NetflixPromo.jpg
  2. NFLX: http://studio-5.financialcontent.com/investplace/quote?Symbol=NFLX
  3. massive outage: http://online.wsj.com/article/SB10001424127887324660404578200383908151240.html
  4. AMZN: http://studio-5.financialcontent.com/investplace/quote?Symbol=AMZN
  5. CRM: http://studio-5.financialcontent.com/investplace/quote?Symbol=CRM
  6. IPO Playbook: http://investorplace.com/ipo-playbook/
  7. How to Create the Next Facebook: http://www.amazon.com/gp/product/1430246472/ref=s9_simh_gw_p14_d0_i1?pf_rd_m=ATVPDKIKX0DER&pf_rd_s=center-3&pf_rd_r=0GRB6ZMCTYDZVNG7Q7NV&pf_rd_t=101&pf_rd_p=470938811&pf_rd_i=507846
  8. High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders: http://goo.gl/pR2F3
  9. @ttaulli: https://twitter.com/ttaulli

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