What happened?
Multiple major online platforms—including Snapchat, Coinbase, Reddit, Hulu, EA, Max, and Xbox Network—experienced simultaneous outages early Monday. Reports point to a temporary Amazon Web Services (AWS) disruption that affected the backend infrastructure powering those services. Teams at the affected companies worked to restore access and some services began coming back online as engineers addressed the issue.
Who does this affect?
Millions of everyday users trying to access apps, stream shows, play games, or trade crypto were directly impacted. Businesses that rely on AWS for hosting, developers using those platforms, and customer support teams also faced interruptions and potential revenue loss. Crypto traders in particular were affected because exchanges like Coinbase briefly limited access, even though they said customer funds were safe.
Why does this matter?
Outages at major cloud providers can cause sharp short-term market moves—crypto markets can get volatile when big exchanges glitch and streaming or gaming disruptions can dent user engagement. Investors may react by selling or pausing trades during outages, and companies dependent on a single cloud provider could see stock pressure or calls for diversifying infrastructure. Repeated incidents can boost demand for multi-cloud strategies and risk-mitigation services, which could shift tech spending and affect market valuations.