Amazon Outage May Have Cost Company Nearly $5 Million in Lost Sales
During the outage, which began at around 3:00 P.M. ET on Monday, users were unable to access Amazon's main page or its product pages. The cause of the outage is not yet known, though around the time trouble began, Amazon revealed it was "currently experiencing elevated error rates for the AWS Management Console."
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These outages are a big deal on a number of levels. For one, they highlight the inherent risk involved with cloud computing. If you rely on services like Google Docs or have websites hosted by Amazon, your operations are directly dependent on their ability to keep their servers up and running.
Secondly, there's a financial impact. If Amazon was offline for a full 40 minutes, it could have cost the company $4.72 million, assuming the company rakes in $9,823 every five seconds as estimated by 500 Friends.