whats known and unknown

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

on July 15, 2013


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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