Amazon “missed $ 34 million in sales during Internet blackout” Business News

In the 59 minutes that a number of major websites were down on Tuesday, Amazon missed an estimated $ 34 million in revenue.

Amazon, which boomed during the pandemic as retailers were forced to shut down, generated $ 75.6 billion in sales through its websites in the first three months of the year.

That works out to an average of $ 830 million per day, $ 9,615 per second – or $ 34 million during Monday’s 59-minute outage.

Amazon Reddit, Twitch, and PayPal were among the sites that fell after the service provider encountered issues that began at 9:58 a.m. UTC. Quickly updated its status page at 10:44 am, indicating that the problem “has been identified and a fix is ​​being implemented”. At 10:57 a.m., he reported that the fix had been applied.

The blip is unlikely to put a dent in the $ 186 billion fortune of Amazon founder Jeff Bezos.

Many Amazon shoppers can continue to shop now that the sites are back up and running, but the numbers are an indication of the company’s dominance.

This isn’t the first time that Amazon’s website has gone down. In November 2020, the Amazon Web Services platform, which provides cloud computing, went down, causing similar problems.

The disruption of some of the world’s most important websites has once again highlighted the Internet’s dependence on a relatively small number of businesses.

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This notice was published: 2021-06-08 14:26:22

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