Amazon Outage 6/29/10
Looks like Amazon is having technical issues. Their site and their premium stores are down. I take solace in that it happens to all of us at some point. If Amazon, with their redundancy and star-studded employee list goes down occasionally, don't be surprised when one of your favorite sites goes down too. Just be patient. It will come back up.
Today's outage has lasted for at least 2 hours and is till continuing. If you think about it, given Amazon's revenue of $26.7 billion (according to their financial statements), each hour represents ~$304K in sales. Using 22.47% gross profit margin from their financial statements, that's roughly $68K in profit for each our that it is down. I'm sure EVERYONE at Amazon is aware of the issue and they are doing everything they can to restore service.
Here is a site that currently uses Amazon's store software and they are also affected by the outage: DVD Storage company.
Here is a link to an article that goes into more details: Amazon outage.
