Ticker: Amazon Web Services has outage; Instant Pot maker files for bankruptcy 

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Amazon’s cloud computing unit, Amazon Web Services, experienced an outage Tuesday affecting publishers who suddenly found themselves unable to operate their sites as former President Donald Trump appeared in court in Miami.

The company said on its website that the root cause of the issue was tied to a function called AWS Lambda, which lets customers run code for different types of applications.

Amazon said it was experiencing error rates for multiple AWS services in an availability zone based in Northern Virginia. Patrick Neighorn, a company spokesperson, declined to provide additional details about the outage.

Instant Pot maker files for bankruptcy

The maker of Pyrex glassware and Instant Pot has filed for Chapter 11 bankruptcy protection as the company that was already struggling is stung by inflation, with Americans pulling back on spending.

According to a filing with the U.S. Bankruptcy Court for the Southern District of Texas this week, Instant Brands, based outside of Chicago, has more than $500 million in both assets and liabilities.

Inflation has buffeted consumers after a pandemic-fueled binge on goods for the home, but spending has also moved elsewhere as people are again able to travel, or go to restaurants and shows.

And Instant Pots, which became a must-have gadget several years ago, have been disappearing from kitchens.

Sales of “electronic multicooker devices,” most of which are Instant Pots, reached $758 million in 2020, the start of the pandemic. Sales had plunged 50% by last year, to $344 million.

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