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Industry Keyword: AWS

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Analysis: Amazon defies break-up wave sweeping conglomerates

Amazon.com Inc has become the poster child of technology giants bucking the trend of major conglomerates breaking up, thanks to bright growth prospects shielding it from pressure to follow suit, investors and dealmakers said. Investors...

Amazon trots out YouTube-sized advertising business

Amazon pulled the veil off its sprawling advertising business for the first time, revealing a business larger than that of Google's YouTube. Amazon reported ad revenue of $9.7 billion for the fourth quarter, up 32%...

Amazon hikes Prime membership fees in US as wages, costs rise

Amazon.com has said it was raising the price of its annual US Prime subscriptions by 17%, as it looks to offset higher costs for shipping and wages that it expects to persist this year. Shares...

Amazon shortens COVID isolation, paid leave for US workers

Amazon.com Inc has told workers they only have to isolate for a week after testing positive for COVID-19, instead of 10 days, following updated US health guidance. The Omicron variant of the coronavirus has prompted...

Amazon cloud unit recovers from brief outage affecting third-party services

Amazon.com Inc has said it had recovered from a brief outage at its Amazon Web Services cloud unit that affected internet connectivity in two regions on the US West Coast. AWS's dashboard that logs outages...

Outage shows how Amazon’s complex cloud makes backup plans difficult

Major companies using Amazon.com's data services got a painful lesson this week about how the complexity and market dominance of the company's cloud unit make it difficult to back up their data with other...

Amazon cloud outage hits major websites, streaming apps

A major outage disrupted Amazon's cloud services, knocking out streaming platforms Netflix and Disney+, Robinhood, a wide range of apps and Amazon.com Inc's e-commerce website as consumers shopped ahead of Christmas. Amazon said it was...

Salesforce forecasts lower revenue as cloud competition heats up

Salesforce.com has forecast first-quarter revenue below Wall Street's estimates, casting a shadow on an upbeat performance in the third quarter, and sending its shares down 6% in extended trading. The San Francisco, California-based company also...

Google to invest $1 billion in CME Group, agrees cloud computing deal

Google has invested $1 billion in CME Group and has struck a separate deal to move the futures exchange operator's trading systems to the cloud, the companies have said. Under the terms of the 10-year...

Study: EU tech rules should curb cloud computing providers

Draft EU rules to curb the power of Amazon, Apple, Google and Facebook should also tackle cloud computing services providers over potential anti-competitive practices, a study said. The report coincides with concerns that some EU...

Cloud storage provider Backblaze files for US IPO

Cloud storage provider Backblaze Inc filed for a US IPO, cashing in on growing demand for cloud computing from businesses expanding their digital offerings during the COVID-19 pandemic. We reported back in November last year...

Computing firm OVHcloud IPO set to go ahead at low end of price range

French cloud computing services provider OVHcloud's IPO is set to move ahead at a price of 18.5 euros per share, at the low end of the range, one of the banks in charge of...