Amazon Going After DropBox (AMZN)

Amazon.com AMZN announced this morning it would be taking on DropBox, by offering Amazon Cloud Drive. This will give consumers 5 GB worth of free online storage, and can upgrade to 20 GB for $20 per year. This will allow users to have all of their music, photos, and content stored in one place for free, and 5 GB is probably more than enough for most people. Shares of Amazon are up $1.30 in pre-market trading to $170.65, a gain of 0.77%.