Netflix Blames Amazon for Christmas Eve Outage

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

[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’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.

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