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Amazon steps up its open-source game, and Elastic stock falls as a result

Jordan Novet

AWS created a new open-source community for people to collaborate on Elasticsearch code for search and data analytics. Shares of Elastic, which commercializes Elasticsearch, fell as much as 5 percent. Open-source search software company Elastic ESTC saw its stock fall as much as 5 percent on Tuesday after Amazon AMZN 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.