Reed Saxon / AP
The losses show just how bad Amazon Web Services S3 outage was earlier this week, financially speaking. Cyence, an economic modeling platform, shared some data with Axios that show the ramifications:
- Losses of $150 million for S&P 500 companies
- Losses of $160 million for U.S. financial services companies using the infrastructure
Clearly the four-hour outage was more than just an inconvenience for web publishers.