Elastic shares fell as much as 5 percent on Tuesday after Amazon Web Services created a new library of open-source code for Elasticsearch, which is at the heart of Elastic.
Open-source search software company Elastic saw its stock fall as much as 5 percent on Tuesday after Amazon Web Services announced the launch of a separate library of open-source code for Elasticsearch, a set of technologies that can be use to build search engines for web sites, and an important part of Elastic's business.
AWS executive Adrian Cockcroft explained Amazon's move to create a separate Elasticsearch code library in an extensive blog post on Monday. He wrote that AWS decided to act because it felt that Elastic's own repository of Elasticsearch code has become a blurry mixture of some code that has an open-source license, and some proprietary code.
But Oracle is older and much more established than Elastic -- which went public in October -- and generates revenue from areas other than Java, like database and application software.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A CEO is calling out Amazon Web Services for encroaching on his company's turf — and some experts are supporting AmazonElastic CEO Shay Banon and members of the open source community speak out about Amazon's Open Distro for Elasticsearch and what it means.
Read more »
Amazon is partnering with Netflix and Expedia as it fires back at the startups that accuse it of unfairly profiting from their open source codeAmazon is now partnering with Netflix and Expedia to offer its own open source distribution of Elasticsearch, originally created by Elastic.
Read more »
Online retailers Etsy, Wayfair and Stitch Fix are outpacing Amazon stockEtsy, Wayfair and Stitch Fix have soared this year. Of the group, this is the name to own, experts say (via tradingnation)
Read more »
One stat in Target's earnings proves stores are still the biggest defense against AmazonTarget fulfilled nearly three out of every four digital orders though its stores in some way, contributing to 31% growth online for the quarter.
Read more »
Amazon will dominate the smart-home market next, according to this analystAmazon.com Inc.’s next victory will likely be in the smart home market, where its recent acquisition of mesh router maker Eero will give it an advantage over rivals Apple Inc. and Google parent Alphabet Inc., CFRA said Monday.
Read more »
Amazon is working with Mexico's government-backed bank on a mobile payments systemAmazon is working with Mexico’s government-backed bank on a mobile payments system.
Read more »
Here’s what Amazon has to do to get $23 million from Arlington CountyThe agreement does not include the living-wage requirement advocates had hoped for.
Read more »
Cuomo Tries to Win Back Amazon While Reining In DemocratsNew York Gov. Andrew Cuomo has spent the past few weeks wooing Amazon into reconsidering its scuttled plan to build a campus in Queens, but he has also used the charm campaign as an opportunity to keep left-wing opponents in check.
Read more »
Amazon is working with Mexico's central bank on a smartphone payment system that uses QR codesMexico's central bank is in talks with Amazon.com Inc to launch a new government-backed mobile payment system that would allow consumers to pay for online purchases using QR codes, the bank's head of payments said.
Read more »