On Tuesday, Amazon's (AMZN) - Get Amazon.com, Inc. Report Amazon Web Services hit a setback, when its "S3 web-based storage service is experiencing widespread issues, leading to service that's either partially or fully broken on websites, apps and devices upon which it relies," according to Tech Crunch.

Roughly 148,000 websites use Amazon S3, so to say the issue is affecting some people is a bit of an understatement. However, less than 1% of the world's top 1 million sites use this particular service.

A few companies on AWS include Airbnb, Netflix (NFLX) - Get Netflix, Inc. (NFLX) Report , Spotify, Buzzfeed and others. However, not all of these companies have seen an impact.

Details of the outage have been pretty sparse so far, but it is known that it's on the East Coast, with evidence pointing to one of the company's data centers in Ashburn, Va., as the culprit.

Because companies use cloud services from all over the world, an entire site may not go down. However, some services may be slow or unavailable during these types of outages.

A number of companies have begun relying on Amazon for its cloud-based services, in part because of size and price, but also because of its features and reliability.

Shares of Amazon closed at $845.04 Tuesday, down 0.4%.

Will parents drive teens away from Snapchat? The social media platform is gearing up for its IPO, while new studies show growth in an older demographic: people between the ages of 45 and 54.

According to eMarketer, the group will add 4.5 million users and make up roughly 6.5% of the platform's total user base. Previous estimates only suggested the group would make up 4.2% of the total.

For now, the news appears to be good, unless the older group's presence ultimately drives away the younger users.

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While that was seemingly the worry with Facebook (FB) - Get Facebook, Inc. Class A Report , the social media giant has continued to churn out incredibly strong sales and earnings growth, calming investors' fears about a diminishing younger demographic.

The news comes ahead of Snap's IPO, which, after lowering its pricing, is apparently seeing strong demand. According to Reuters, the IPO is oversubscribed, with some investors reportedly even on board with a one-year lock-up period.

Shares of Facebook closed at $135.54 Tuesday, down 0.6%.

Is Alphabet's (GOOGL) - Get Alphabet Inc. Class A Report YouTube the next TV? It's getting close. No really, it's getting there. YouTube is now watched for more than 1 billion hours per day worldwide. Currently in the U.S.--admittedly, two different markets--the metric for TV viewership stands near 1.25 billion hours per day.

How about the others digital players, are they close? Not really. In January 2016, Facebook users watched about 100 million hours of video per day, while Netflix viewers absorbed 116 million hours daily. While that figure has surely grown, it's still nowhere near YouTube.

Given the rise of the so-called Big Three, it's no wonder that the daily total of TV hours continues to decline.

So what's driving YouTube's growth? Google's AI technology that recommends personalized videos for users is helping to keep viewers on the platform for longer stretches of time.

Although we don't know the financial standing of YouTube, it's safe to say Google's got a goldmine of an asset. Between search and video, the internet player has a dominate market position.

Shares of Alphabet closed at $844.93 Tuesday, down 0.6%.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

Action Alerts PLUS, which Cramer manages as a charitable trust, is long FB and GOOGL.