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Lyft’s $300 Million Deal With AWS: 5 Things You Need To Know

Ride-hailing company Lyft Inc. this month provided an unusual window into its relationship with Amazon Web Services.

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A Risk Factor For Investors

The San Francisco-based company lists its dependence on AWS as one of its risk factors that potential investors should weigh when investing in its stock.

“We primarily rely on Amazon Web Services to deliver our offerings to users on our platform, and any disruption of or interference with our use of Amazon Web Services could adversely affect our business, financial condition and results of operations,” the company said in its SEC registration statement. “AWS’ facilities are vulnerable to damage or interruption from natural disasters, cybersecurity attacks, terrorist attacks, power outages and similar events or acts of misconduct. Our platform’s continuing and uninterrupted performance is critical to our success.”

Lyft said it has experienced and expects to continue to experience interruptions, delays and outages in service and availability from time to time due to factors including infrastructure changes, human or software errors, website hosting disruptions and capacity constraints.

“In addition, any changes in AWS’ service levels may adversely affect our ability to meet the requirements of users,” Lyft said in its filing. “It may become increasingly difficult to maintain and improve our performance, especially during peak usage times, as we expand, and the usage of our offerings increases.”

 
 
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