What's up with Dbx's stagnant stock? It's presently $25, down from its 2018 ATH of $40, giving a $10B market cap. Seems like Dbx is the only internet/SAAS/cloud stock that hasn't benefitted from the pandemic.
why do people need to use this MIT student hack if they can use gdrive/onedrive?
I haven't used dbx but both gdrive and OneDrive have their downsides.
Lol, calls it "MIT student hack", meanwhile is a wageslave at a taxi company. The irony.
Reason Dropbox is stagnant - it’s user base is stagnant or dipping. There’s no new products for the market to be excited about. Once they come out with new and exciting products that excite the market and gain users, it’s stock will increase or atleast have a founder/CEO lie about future potential (hunt: FSD)
We’re growing year over year on active users and revenue but it’s slowing growth b
Single digit growth rate in the tech world is the same as dead
25 is actually a good price. It grew recently due to rumors of potential acquisition. I think dropbox has lost it’s vision and suffers from feature creep. They keep adding features, but they all useless to me and app experience is getting worse
It grew to $11B and dropped back down to 10b.
Like I said 11b valuation was pure speculation in anticipation of acquisition. No fundamental changes
@blad3 ^ Incorrect. Dropbox is dead. The reason is that they have zero network effects and unless they pay Samsung or other OEMs, new users have a zero probability of discovering them. That's the reason that the OS/distribution is important and that's also why Google pays Apple to be the default search engine.
it just didn't have a moat to protect/grow its market share from the tech giants. In hindsight, cloud storage is simple and tech giants have almost every advantage over DB in offering same/better product for less
Ouch Dbx is 3.7 now, used to be one of the best places to work
I think it tanked after they introduced permanent mandatory WFH, their best perk after all was the tuck shop, their cafeteria.
Yeah, I felt so much envy looking at Tuck Shop photos. I’m also talking about 10 years ago. Back then their business and talent were much brighter. So the tanking started ever since G and Msft started competing.
Dropbox missed the boat on the corporate angle, and in fact should've entered enterprise sooner than it did. For the consumer market, the product is steeply priced (~ Netflix). Plus, most folks are locked to ecosystems: iCloud on iOS+Mac, GDrive on Android+PC, and are price sensitive with relatively lower lock in over a long time period. What could help is if they stop coming up with stuff like Paper, and instead start targeting either an Evernote style product or a multimedia editor kind of product integration.
Who even uses Dropbox anymore and why ?
Dropbox user here. Just do not want to mingle personal cloud storage into Google or Outlook account. I get that it is total personal preference though.
Like big company: legacy It still there and I have room for quota so I don't bother moving my stuff But yeah other big companies offer similar capability and more. It doesn't look like it can grow imo.