Tech Giant Amazon restores Cloud Services Following Multiple Power Outages

Numerous apps and websites were affected when Amazon’s cloud services went offline. However, the tech giant has rectified the issue, and the platforms are now back online.

Amazon Restores Cloud Services

Tech giant Amazon announced earlier today that it had restored its cloud services following the third power outage it had experienced so far this month. The power outages affected the services of numerous websites and applications.

Earlier reports revealed that one of Amazon’s data servers on the US East Coast experienced a brief power outage. The power outage caused several internet-based service providers to experience service downtime. At the time, Amazon Web Service (AWS) said, “We can confirm a loss of power within a single data center within a single Availability Zone (USE1-AZ4) in the US-EAST-1 Region. This is affecting availability and connectivity to EC2 instances that are part of the affected data center within the affected Availability Zone,”

However, the tech company said it has now rectified the issue, and all the services are now back online. The latest outage affected the services of the office messaging app Slack, with users experiencing difficulties with file uploads, message editing, and other services.

The power outage that occurred earlier this month affected the services of some leading platforms, including streaming platforms Netflix and Disney+, trading app Robinhood and Amazon’s e-commerce store.

AMZN has Underperformed Recently

The shares of Amazon have underperformed in recent months, with the multiple power outages affecting the company’s activities. At press time, AMZN is trading at $3,410 per share, up by 0.05% in the past 24 hours.

However, over the last four weeks, AMZN’s value has dropped by more than 4%. Regardless, AMZN has performed averagely this year, with its price up by only 4.6% over the last 12 months. The recent outages haven’t done the stock price any favors, and AMZN could end the year trading around the $3,400 level.

If Amazon experiences any outages before the end of the month, AMZN could trade below the $3,400 mark heading into 2022.