Comment by hedayet 5 days ago
The sad thing is - $MSFT isn't even down by 1%. And IIRC, $AMZN actually went up during their previous outage.
So if we look at these companies' bottom lines, all those big wigs are actually doing something right. Sales and lobbying capacity is way more effective than reliability or good engineering (at least in the short term).
What do you mean? That IT isn't important for Microsoft and Amazon?
That's certainly not the right conclusion.
That's a good thing. Stock prices shouldn't go down because of rare incidents which don't accurately represent how successful a company is likely to be in the future.
I looked into this before and the stocks of these large corps simply does not move when outages happens. Maybe intra-day, I don't have that data, but in general no effect.
well, at this point, 90% of the market cap of FAANGS plus Microsoft is... OMG AI LLM hype
AMZN went up almost 4 percent between the day of the outage and the day after. Crazy market.