Francesca Fontana
👤 SpeakerAppearances Over Time
Podcast Appearances
I can't speak for everyone, but it really feels like this year is flying by.
I don't know where the time is going.
All in all, the Dow rose 2.2% for the week, the S&P 500 gained 1.9%, and the Nasdaq rose 2.3%.
Now don't think I wasn't going to mention the giant internet breakdown that kicked off this week.
No, I put it at the top of my list.
Amazon breaks the internet.
So a quick rundown, in case you were off the grid this past week.
On Monday, a widespread outage linked to Amazon Web Services cascaded across the web.
More than 4,000 flights were delayed, financial transactions were affected, Slack was down, Zoom was down, Venmo, Instacart, news websites like WSJ.com, the list goes on.
And it put into stark relief just how fragile our global internet connectivity is.
One glitch sending huge ripple effects across corporations and our everyday lives.
Especially when, for instance, Amazon controls about a third of the public cloud computing market, aka the internet's core infrastructure.
By late afternoon on Monday, Amazon said it had restored much of the service that had been knocked offline.
Compared to the CrowdStrike outage last summer, which sent the company's stock into a total tailspin, I'd say Amazon's stock certainly came out unscathed.
Its shares ended more than 1% higher on Monday, and on a weekly basis, Amazon notched a gain of more than 5%.
Warner Bros.
Discovery debuted some big news this week.
The TV and film giant is putting itself up for sale.
Warner said it's exploring a potential sale of all or some of its media holdings, setting into motion a deal process that could reshape the future of the entertainment industry.
You may recall that the Wall Street Journal recently reported Warner has received and rebuffed multiple bids from rival Paramount Skydance.