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Ames, Iowa, home to Iowa State University, has reported a .1 million budget shortfall for the 2019-20 fiscal year.
Amazon’s market value surged to more than 2 billion on Wednesday, making the Seattle-based company the third-largest U.S. public company by that measure — surpassing its regional neighbor Microsoft for the first time.
Among industry circles, this is seen as nothing less than a tectonic shift in strategy. For, biofuels, although desirable from an environmental point of view, are more expensive than traditional fuels like diesel and gasoline, hence a sales challenge (more about this aspect in a bit).
Amazon’s results?help to complete a picture of the public cloud market for?2016. A new report from?Synergy Research Group?shows Amazon maintaining more than 40 percent market share amid a big?jump?in the overall size of the market. The global public cloud market reached a run rate of more than billion a year, extrapolating from?Synergy’s estimate of billion in the fourth quarter.
Amazon’s cloud business may get much of the attention for bolstering the company’s bottom line. But an emerging new advertising arm of Amazon is also fueling record profits for the Seattle tech giant.