Investment banker Mark Mahaney predicts continued growth for Amazon, Expedia, and Netflix as consumer demand stays strong and rivals struggle to keep pace.
Amazon’s cloud services unit, Amazon Web Services (AWS), is recovering early Monday morning following an outage that caused connectivity issues for companies and disrupted services for popular websites and apps.
Among those impacted were video game Fortnite and social media app Snapchat.
“We can confirm increased error rates and latencies for multiple AWS Services in the US-EAST-1 Region,” AWS said at 3:51 a.m. ET in an update on its status page.
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11-year-old Ansel, the photographer’s son, plays Fortnite featuring Travis Scott Presents: Astronomical on April 23, 2020 in South Pasadena, California. (Neilson Barnard / Getty Images)
AI startup Perplexity, cryptocurrency exchange Coinbase and trading app Robinhood all attributed outages to AWS, according to Reuters.
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This is a developing story. Check back here for updates.
Reuters contributed to this report.
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