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Amazon hits new heights; Microsoft reorgs; IBM closes SoftLayer deal: the week in cloud

on July 15, 2013

Originally posted on Gigaom:

Amazon shares hit the stratosphere

The Amazon (s amzn) bashers, who fill SeekingAlpha and other sites with diatribes about Amazon shares being overvalued, had a rough day Friday when the company’s stock price hit $307 per share.

That put the company’s market cap at a cool $140 billion. That’s not chump change although, as AllThingsD pointed out, it’s still eclipsed by Google ($306 billion) and Apple ($400 billion). I would add that it also has a way to catch up with — pay attention Redmond haters — Microsoft (S msft) at $297 billion. But, it’s also twice the market cap of social media power Facebook (s fb) at $63 billion.

USA Today attributed that stock price to a court finding last week that Apple conspired with e-book publishers to fix the price of their products, not anything to do with what Amazon Web Services might do in public cloud…

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