Expert: Amazon outage could cause financial impact in hundreds of billions of dollars

Mehdi Daoudi, CEO of internet performance monitoring firm Catchpoint, told CNN that the Amazon Web Services outage could cause a total financial impact in the hundreds of billions of dollars.

"The financial impact of this outage will easily reach into the hundreds of billions due to loss in productivity for millions of workers that cannot do their job, plus business operations that are stopped or delayed — from airlines to factories," Daoudi told CNN.

Daoudi added that "the incident highlights the complexity and fragility of the internet."

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