Amazon Site Crashes & Stock Down - Why?

So what if Amazon’s site crashed for almost three hours on Friday? I know it was prime shopping time for all the slackers at work just getting back from their extended lunches! But really, did this have a detrimental effect on the company to drive down it’s stock price 4%? I doubt it. I estimate Amazon may have lost around $10,000 in sales during the outage, certainly nothing to get crazy about.

Wall Street Sells Off Amazon

But leave to the over stimulated, over fed, babied wall streeters who felt the need to punish one of the cornerstones of the internet. Seems this outage was a big deal but what people are failing to realize is that Amazon has, for the most part achieved the fabled five nines…you know 99.999% up time.

Amazon does millions of transactions a year, processes thousands of credit cards a day, and ships hundreds of thousands of packages a year, and most of the time it is done with perfection.

BUUUUUTTTTT NNNNOOOOOO!

Amazon Drops its pants for a couple of hours and the street is ready to castrate Jeff Bezos on top of the Seattle space needle. But, being the contrarian that I am, I think outage was a good thing because we need to realize that the internet, with all its free music and free content and free porn (can’t leave out the porn) is fragile and not by any means a birth right.

So I am going to ask the 3 of you that read this blog what you think the street was most concerned about…was it the lost sales? Was it the fact that Amazon was shown to be weak? Was it that Amazon should have contingencies in place to keep the site up no matter what?

Let me know what you think drove the price of Amazon stock down after everyone heard about the blackout and I will post all of the responses.