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Techquity: Amazon falters, cloud troubles

Thursday, December 27, 2012 - 01:43

Dec 26 - A double whammy of bad news for Amazon which also hurts cloud computing stocks.

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Welcome. Action on tech stocks on not. Some Merry Christmas for Amazon. A report from MasterCard showing hot related sales rose less than 1%. Which is hurting the entire retail sector today Amazon also suffering as a result of an outage at one of its cloud computing centers. That was bad news for Netflix which uses the facility and was -- able to stream programming to 27. Million subscribers. I'm Chris see through Christmas morning Netflix -- issue occurred at Amazon's that are in Virginia and investigating how could have happened. As if it could have been prevented. No comment from Amazon just yet Amazon's stock down nearly 4% today Netflix moving in the other direction up nearly 3%. Amazon not the only cloud computing firm feeling the pain Rackspace recent IPO -- and VMware. All down more than the broader market. Time for a look at other stocks moving up and down we call soaring and sputtering first story is magic Jack. The maker Internet calling device says its dispute with. Verizon. Shares dropped more than 3%. And sputtering as each day of victim of retail weakness shares down about 2% but still trading near their 2012 -- Hit earlier this month that equity -- Wednesday from every bottle on Twitter at RT IRS tech but he. I brought this -- this is right there.

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Techquity: Amazon falters, cloud troubles

Thursday, December 27, 2012 - 01:43

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