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Attendees at Amazon's annual cloud computing conference in Las Vegas in 2017
Image copyright: REUTERS / Salvador Rodriguez
Without Amazon Web Services, the Internet is a smaller, poorer place.

Here’s what you need to know

An Amazon Web Services outage knocked out major internet apps and services. These include Netflix, Robinhood, Tinder, and Amazon’s own shopping site.

Joe Biden’s nominee for US banking regulator withdrew her candidacy. Saule Omarova faced attacks from Republicans over her Soviet birthplace, as well as her vision for the Office of the Comptroller of the Currency.

Australia joined the Beijing Olympics diplomatic boycott. Like the US, it won’t send officials to the Winter Games next year.

Weibo shares fell 7% in its Hong Kong debut. The Chinese social media giant—which is also listed in the US, where its stock price has plunged alarmingly—raised $385 million in Hong Kong.

Evergrande and Kaisa failed to make payments. The Chinese property developers’ latest missed deadlines could trigger defaults on their other bonds, according to Reuters.

The United Arab Emirates is moving its weekend. The government said it will shift to Saturday and Sunday, with a half-day of rest on Friday, to align better with global business norms.

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What to watch for

On Wednesday, Adam Mosseri, the head of Instagram, will testify before the US Senate Commerce Committee about the safety and well-being of teens and children on the Facebook-owned (or, Meta-owned) app.

Instagram came under scrutiny for trying to build a so-called Instagram Kids, a version of the app intended for children under 13. Mosseri said on Sept. 17 that those plans were postponed, a decision that came in the wake of the Facebook whistleblower Frances Haugen’s initial document leaks to the Wall Street Journal. One internal report allegedly found that Instagram made teen girls who already had self-image issues feel worse about themselves.

Ahead of the testimony, Instagram announced on Tuesday new parental controls and the ability for teens to opt out of being tagged or mentioned in posts.

More trouble for Big Tech…

Image copyright: Giphy

In a rare move, the British government last week moved to nix a deal between Facebook and Giphy over antitrust concerns. It comes after nearly two decades of unchecked growth for Big Tech.

Here’s a snapshot of tech M&A during that time:

1,000: Firms Alphabet, Amazon, Apple, Meta, and Microsoft bought in the past 20 years

97%: Portion of those deals regulators didn’t assess

85%: Portion of about 600 Big Tech deals that fell under the US Federal Trade Commission’s financial reporting threshold in the past decade

451: Pages in a 2020 US report alleging the firms abused market power

The Facebook-Giphy breakup—which Meta plans to appeal—further suggests this regulation-light era is sunsetting as new standards emerge in the global antitrust arena.

Markets haiku: Supply chain crisis claims another victim

Image copyright: Stitch Fix screenshot
You may not get these necklaces in time.

“Stitch in time saves nine…”
Whatever that saying means.
Stitch Fix needs supplies

Fashion subscription service Stitch Fix reported better sales than expected for its fiscal first quarter, but lowered its projections for the upcoming year. It needs more clients, a smoother supply chain, and a little patience from its investors. Stock slid 17% on Tuesday in extended trading.

We’re obsessed with office chairs

Image copyright: Photo by Eric Helgas; styling by Alex Citrin-Safadi

Quartz At Work reporter Anne Quito has been researching office chairs for seven years. So what does she sit on now that she works from home?

  • A Herman Miller Aeron chair (so iconic, so mesh)
  • An exercise ball (good for the core)
  • A stepladder (sometimes, you just have to get creative)

Learn about the fascinating history of office chairs and how they’ve molded to fit both our physical needs and our social whims. The newest episode of the Quartz Obsession podcast is here.

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Surprising discoveries

Astronomers discovered a planet where a year lasts 7.7 hours. Surface temperatures likely reach 2,700°F (1,500°C), due to GJ 367 b’s proximity to its star.

A 13-year-old found a Bronze Age ax in England with a metal detector. Once they started digging, her family located another 65 artifacts.

Researchers and artists made a “black box” for Earth. It will keep a record of climate change news and research to track the planet’s possible demise.

China’s Moon rover took a photo of something that looks like a hut… It’s likely just an upended boulder, but Yutu 2 is on its way to investigate.

…and this tiny camera’s photos rival those taken by your smartphone. The entire apparatus is the size of a grain of salt.

What will future generations think of Earth’s black box? Why don’t you ask HAL.

Image copyright: Giphy