But if a cloud goes offline, there is damage to the economy linear to the length and breadth of the outage. Sure, there are losses to businesses serviced by the cloud's users, but they'll bounce back, even if a day-long outage was so severe as to temporarily ground flights and halt supply chains.
If a stock exchange executes trades at incorrect prices, even for a short amount of time, all of a sudden you're in a kind of non-linear sigmoid regime, where investor confidence can suddenly tip into panic selling and recessions can be triggered. Thankfully, that didn't happen here, but it could have. If you're going to give a company that power, you should better hope that they're held to higher standards than most dysfunctional tech organizations!
"If a stock exchange executes trades at incorrect prices, even for a short amount of time, all of a sudden you're in a kind of non-linear sigmoid regime, where investor confidence can suddenly tip into panic selling and recessions can be triggered."
If a stock exchange executes trades at incorrect prices, even for a short amount of time, all of a sudden you're in a kind of non-linear sigmoid regime, where investor confidence can suddenly tip into panic selling and recessions can be triggered. Thankfully, that didn't happen here, but it could have. If you're going to give a company that power, you should better hope that they're held to higher standards than most dysfunctional tech organizations!