Amazon Outage Cost S&P 500 Companies $150M (axios.com)

From a report on Axios: 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.

Comments

Only 150 Million?

[bobbied]

That's like spitting in in the ocean for a day of profit in the S&P 500.

Where this news may not be fake, it sure illustrates how absurd this kind of reporting sometimes is. $150 Million may be a lot of money to you or me, but it's about the same as you cleaning out your couch cushions the day you got paid and the income tax refund hit for the S&P 500. This isn't even a ripple in the profit pool. Yet here we are regaled by "woe is us in the S&P 500" reports..