Amazon's site suffered outages and a warehouse strike at start of Amazon Prime Day, issues that could cost the company millions in revenue, even if they are short lived.
There were numerous news and social media reports on the outage, with additional reports of people seeing images of Amazon workers' pets (Amazon's version of a 404 message). Amazon had not put out a public statement as of 5 PM ET, and the web was filled with complaints about people unable to make payments or navigate Amazon far beyond the landing page. Amazon sells about $1 million per minute on Prime Day, so the losses could be staggering. The New York Daily News reports about 24,000 people had problems accessing Amazon.
A student is reflected in the window of an Amazon.com Inc. kiosk on the University of California, Berkeley campus in Berkeley, California, U.S., on Wednesday, Oct. 12, 2016. By the end of the year, Amazon will have staffed pickup kiosks serving more than 500,000 college students at 16 schools around the country. Students order items from Amazon.com Inc. and retrieve them from new pickup lockers. Photographer: David Paul Morris/Bloomberg
David Paul Morris/Bloomberg
The outage also comes at the same time as a strike at Amazon warehouses in Spain, with additional strikes scheduled for Tuesday in Germany and Poland. There were 1,800 workers off the job as of Monday, though there were no signs that the strike and outage were related.
Amazon Prime Day is a marketing "holiday" that aims to expand Amazon Prime membership, a $119 subscription that's a major part of Amazon's marketing strategy at its core site and Whole Foods.
It's been a bad summer for transaction glitches, as Visa and Mastercard have both suffered outages that left people unable to make purchases.
The transaction, which would give Huntington a top-five market share in both Dallas and Houston, comes just a week after the Ohio-based buyer closed its last Texas acquisition.
The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
