Web 2.0 applications have become ubiquitous over the past few years because they provide useful features such as a rich, responsive graphical user interface that supports interactive and dynamic content. Social networking websites, blogs, auctions, online banking, online shopping and video sharing websites are noteworthy examples of Web 2.0 applications. The market for public cloud service providers is growing rapidly, and cloud providers offer an ever-growing list of services. As a result, developers and researchers find it challenging when deciding which public cloud service to use for deploying, experimenting or testing Web 2.0 applications. This study compares the scalability and performance of a social-events calendar application on two Infrastructure as a Service (IaaS) cloud services – Amazon EC2 and HP Cloud. This study captures and compares metrics on three different instance configurations for each cloud service such as the number of concurrent users (load), as well as response time and throughput (performance). Additionally, the total price of the three different instance configurations for each cloud service is calculated and compared. This comparison of the scalability, performance and price metrics provides developers and researchers with an insight into the scalability and performance characteristics of the three instance configurations for each cloud service, which simplifies the process of determining which cloud service and instance configuration to use for deploying their Web 2.0 applications. This study uses CloudStone – an open-source, three-tier web application benchmarking tool that simulates Web 2.0 application activities – as a realistic workload generator and to capture the intended metrics. The comparison of the collected metrics indicate that all of the tested Amazon EC2 instance configurations provide better scalability and lower latency at a lower cost than the respective HP Cloud instance configurations; however, the tested HP Cloud instance configurations provide a greater storage capacity than the Amazon EC2 instance configurations, which is an important consideration for data-intensive Web 2.0 applications.