"Box, which went public in January, is something of a cautionary tale for Houston and Woodside. Its total 2014 revenue was about 60 percent of Dropbox’s, according to IDC, but its market value is now only one-fifth of Dropbox’s private valuation, suggesting that the office cloud market may not grow fast enough to bridge the gap between investor fantasy and reality.Dropbox Is Struggling and Competitors Are Catching Up - Bloomberg Business
Like Box, “Dropbox has been around a long time now,” and it’s past due to figure out a business model, says Ben Thompson, an analyst at consultant Stratechery. Still, Houston remains cautiously optimistic—after all, Dropbox’s revenue grew more than 50 percent last year. “We’re kind of in the phase where, like, we’ve put our pick in the ground, and all this oil is coming up, and we’ve got to get it together here,” he says."
Thursday, June 25, 2015
Dropbox Is Struggling and Competitors Are Catching Up - Bloomberg Business
Final paragraphs from a Dropbox snapshot