Cowen analyst John Blackledge raised the price target on Amazon.com Inc. to $4,500 from $4,300, implying 30.7 percent upside, and keeps an Outperform. Blackledge called Amazon his Best Idea for 2022 and top mega-cap pick. The analyst expects accelerating sales growth in the second quarter of 2022 as e-commerce comps ease. Amazon’s one-day and same-day…
Analysis: 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 providers, analysts and experts told Reuters. Amazon said that an “an impairment of several network devices” in its Amazon Web Services…
Bezos to Give Amazon Reins to Cloud Boss Jassy as Sales Rocket Past $100 Billion
Amazon founder Jeff Bezos will step down as CEO and become executive chairman, naming the head of its lucrative cloud computing division as successor in a sign of the company’s transformation from web retailer to Internet conglomerate. This summer, Bezos, 57, will hand the keys of the world’s largest online retailer to Andy Jassy, head…
Parler Claims Amazon Intentionally Left Security Hole for Hackers to Attack Data Centers
Parler, in a court filing, accused Amazon Web Services (AWS) of deliberately leaving open Amazon Route 53, a Domain Name System web service, that essentially provided a green light for hackers to attack its data centers. Parler’s filing in a Washington state court stated that after AWS took Parler offline, “it did a very curious thing”…
Amazon Responds to Parler Lawsuit, Claims Case ‘Is Not About Suppressing Speech or Stifling Viewpoints’
Amazon, in response to a lawsuit filed by upstart social media platform Parler, asserted that the company displayed an “unwillingness and inability” to remove violent content after its Monday morning suspension from Amazon Web Services. “This case is not about suppressing speech or stifling viewpoints. It is not about a conspiracy to restrain trade,” Amazon…
Parler CEO: Claims That Users’ Driver’s Licenses Were Hacked Are ‘Viral Misinformation’
The CEO of Parler, John Matze, on Tuesday dismissed claims that the social media website was hacked and users’ personal information, including pictures of driver’s licenses, was leaked. Rumors being spread on Twitter, Reddit, and an article published by Russian state-backed RT.com asserted that more than 70 terabytes of data from Parler servers were captured…
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