by Tom Taulli | December 26, 2012 10:31 am
At 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.
Source URL: http://investorplace.com/2012/12/netflix-blames-amazon-for-christmas-eve-outage/
Short URL: http://invstplc.com/1nzro3D
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.