Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

AMAZON.COM, INC.

(AMZN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Fastly blames software bug for major global internet outage

06/09/2021 | 03:22am EDT

AMSTERDAM, June 9 (Reuters) - Fastly Inc., the company behind a major global internet outage this week, said on Wednesday the incident was caused by a bug in its software that was triggered when one of its customers changed their settings.

Tuesday's outage raised questions about the reliance of the internet on a few infrastructure companies. Fastly https://www.reuters.com/business/media-telecom/fastly-cloud-company-behind-global-internet-outage-2021-06-08 's issue knocked out high traffic sites including news providers such as The Guardian and New York Times, as well as British government sites, Reddit and Amazon.com.

"This outage was broad and severe, and we're truly sorry for the impact to our customers and everyone who relies on them," the company said in a blog post authored by Nick Rockwell, its senior engineering and infrastructure executive.

He said the problem should have been anticipated.

Fastly operates a group of servers strategically placed around the world to help customers move and store content close to their end users quickly and safely.

The company post gave a timeline of events and promised to examine and explain why Fastly had failed to detect the software bug during its own testing process.

Fastly said the bug was in a software update shipped to customers on May 12 but was not triggered until one unidentified customer carried out settings changes that triggered the problem "which caused 85% of our network to return errors."

Fastly noticed the outage within a minute it occurring at 0947 GMT, and engineers worked out the cause at 1027 GMT. Once they disabled the settings that triggered the problem, most of the company's network quickly recovered.

"Within 49 minutes, 95% of our network was operating as normal," the company said.

Its networks were fully recovered at 1235 GMT and it began rolling out a permanent software fix at 1725 GMT, Fastly said.

(Reporting by Toby Sterling; Editing by Edmund Blair)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -0.63% 3605.715 Delayed Quote.11.46%
FASTLY, INC. -0.83% 49.87 Delayed Quote.-42.37%
THE NEW YORK TIMES COMPANY 0.38% 44.48 Delayed Quote.-15.49%
All news about AMAZON.COM, INC.
12:19pAMAZON COM : Andy Jassy's thoughts on Amazon's new Leadership Principles, work-l..
PU
12:07pEARNINGS REACTION HISTORY : Amazon.com Inc, 50.0% Follow-Through Indicator, 3.7%..
MT
11:56aAMAZON COM : FDA notifies Amazon over sale of certain harmful sexual enhancement..
RE
11:25aAMAZON COM : Pet food shortages leave owners on the hunt for kibble and cat trea..
RE
11:19aAMAZON COM : celebrates its interns and their impactful work worldwide
PU
10:01aGLOBAL MARKETS LIVE : Earnings reports please investors
08:51aToday on Wall Street: GDP growth misses estimates
08:20aAMAZON COM : Holds Pattern of Adding to Earnings-Driven After-Hours Declines in ..
MT
06:09aAMAZON COM : Exclusive-Walmart's Flipkart, Amazon ask India's top court to stop ..
RE
06:08aAMAZON COM : Walmart's Flipkart, Amazon ask India's top court to stop antitrust ..
RE
More news
Financials (USD)
Sales 2021 490 B - -
Net income 2021 29 050 M - -
Net cash 2021 72 331 M - -
P/E ratio 2021 65,1x
Yield 2021 -
Capitalization 1 831 B 1 831 B -
EV / Sales 2021 3,59x
EV / Sales 2022 2,98x
Nbr of Employees 1 298 000
Free-Float 82,4%
Chart AMAZON.COM, INC.
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 53
Last Close Price 3 630,32 $
Average target price 4 268,82 $
Spread / Average Target 17,6%
EPS Revisions
Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AMAZON.COM, INC.11.46%1 830 857
JD.COM, INC.-20.05%108 720
WAYFAIR INC.21.52%28 593
ETSY, INC.14.07%25 831
ALLEGRO.EU SA-18.72%18 093
MONOTARO CO., LTD.-1.30%11 715