The #CloudExit Movement And What It Means For Amazon Stock

Summary:

  • The #CloudExit movement is calling for businesses to move away from cloud providers like Amazon and back to on-premises infrastructure.
  • Amazon’s cloud-computing division, AWS, generates the majority of the company’s profits and is critical to its financial performance.
  • High-profile businesses like Basecamp and X have successfully adopted #CloudExit strategies, achieving significant cost savings.
Amazon fulfillment center building in Las Vegas

4kodiak/iStock Unreleased via Getty Images

The cloud computing industry has been booming for the past two decades, with Amazon Web Services (AWS) being the undisputed leader. However, a growing movement called #CloudExit, which was started by the founders at Basecamp, is calling for businesses to move away from cloud providers like Amazon (

AWS: 18.5 billion USD (74%)
North American Retail: 8.7 billion USD (29%)
International Retail: 2.3 billion USD (8%)
Amazon Advertising: 1.9 billion USD (6%)
Other: 1.2 billion USD (4%)


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