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AWS Outage slows down the internet in the U.S – TOP Trending News

Here are today’s top trending news from the world of technology…Check it out. 

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AWS Outage slows down the internet in the U.S – TOP Trending News

People walking through Amazon’s AWS logo.

AWS, Amazon’s very own cloud computing service, has been witnessing multi-hour outage since Wednesday evening. As this outage stretched for a long time, many companies took to Twitter complaining that the outage is impacting their service.  Although it is still not known whether this outage has had a global impact or not, its impact is being certainty in many parts of the U.S. Even Amazon has officially acknowledged that the outage has bought the internet to a grinding halt in many part of the U.S.  It must be noted that AWS is one of the most widely used cloud computing services in the world.

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Slack stock soars on the possible acquisition by SalesForce

During last two days stocks of Slack technologies have been climbing upwards as the news of its possible acquisition by SalesForce hit the market. Slack’s stock closed at approximately $40 per share in NYSE on Wednesday. However, SalesForce’s stocks have been trading low. If this acquisition does go through then it may turned out to be one SalesForce’s biggest acquisition. For all those who don’t know Slack is a business messaging app and at one time was considered as one of the hottest startups.

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IBM may soon cut off nearly 10,000 jobs in Europe  

Media reports are rife that IBM is soon likely to lay nearly 10,000 employees in Europe. Although IBM has still not confirmed these news reports, the tech giant has given hints that the company is soon likely to witness structural changes in the European market.  These reports have come closely on the heels of the announcement that IBM is soon likely to shift focus on the hybrid cloud services. People aware with the matter claimed that this pivot would make certain skillset redundant, which would technically mean that layoffs are now pretty obvious.

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Unacademy, one of India’s hottest startup, receives investment from Tiger Global

India’s K-12 edutech startup announced on Wednesday that it has received funding from Tiger Global and Dragoneer Investment Group. This is Tiger Global’s first investment in Unacademy, which had received funding from SoftBank just a few months back. The latest investment has valued the Bengaluru based edutech major at $2 Bn. Unacademy’s recent funding exploits mimics the recent funding spree of Byju’s, which is the world’s most valued online edutech company. The company is valued around $10-11 Bn.

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