Google Stock: What a Six-Hour London Cloud Outage Costs…
By Rick Steves
AI summary of the source article
A power event in Google Cloud's London zone disrupted services on 20 October, affecting banking apps and Revolut payments. The outage marks an early test for the UK's critical third-party regulatory regime overseeing designated tech providers.
Why it matters
The incident serves as an early test of the UK's critical third-party regulatory regime, as the FCA's engagement with Google and affected firms "can feed into supervisory questions about concentration, recovery time, customer communications and firms’ exit or contingency plans."
Key facts
- A power event in Google Cloud's europe-west2-b zone disrupted London services, impacting banking apps, websites, and Revolut payment functions.
- Since 13 July 2026, designated critical third parties including Google Cloud EMEA Limited are under direct oversight by the Bank of England, PRA, and FCA.
- Alphabet reported Q2 2026 Google Cloud revenue of $24.8 billion, up 82% year over year, with operating income of $8.8 billion.
Source excerpt · FinanceFeeds
A power event in Google Cloud’s europe-west2-b zone disrupted multiple services in its London region on 20 October, with Google’s status page describing elevated errors, intermittent network failures and unavailable services before saying the event was mitigated and workloads were recovering. CX Today reported that affected services included banking apps and websites; Euronews said the FCA was in…