Amazon cloud computing unit suffered another outage, supposedly the third this month. Many companies were disrupted due to outages - Cloud has a firm reliance. Disruptions are common in Cloud Technology, but the wide adaption has made it noticeable though things should improve.
In 2021, Everyone’s ear might have heard the about Clubhouse, which was the star of the year! The idea was so mainstream that Twitter adopted it as Spaces, Spotify as Greenroom, and you already know about Discord. Let’s hope Clubhouse should become something like Snapchat and be a leader in the industry of its idea.
Two startups are creating new concepts like Fable - social reading to improve mental health. Honeycomb - private social app for families.
Someone’s beating Google as the most popular domain: TikTok TikTok surpassed Google as the most popular site in 2021 - Axios
Some gainers were:
Tesla: CEO Elon Musk said in an interview that he had sold enough to reach his goal of selling 10% of his shares
MagnaChip Semiconductor: The board authorized a $75M stock repurchase program. The stock was up by 7%
Paychex was up by 5% as * 2Q results were above consensus on revenue and EPS, and FY22 guidance was raised on revenue, EPS growth, EBITDA margin, and operating margin.
Some Notable decliners were:
CalAmp plunged itself by 26% as its 3Q revenue and EPS were both below consensus. Management did not provide 4Q guidance. It was downgraded to hold from buy at Craig-Hallum Capital, target to $10 from $14.
Alibaba by down by 5% as its Cloud Computing partnership with China’s MIIT was reportedly suspended due to accusations that it failed to report and address a security vulnerability.
Also, I’ll be posting about Elon Musk and Dorsey’s heat up about Web3 on the TSLA thread!