Why is Dropbox valued so high given that Google Drive is such a strong competitor? Who uses Dropbox anyway? Does Dropbox have any USP that makes them so valuable?

Because it is at a $1,500,000,000 revenue run-rate, growing quickly, and generating significant free cash flow.

It is a very, very, very good business. Irrespective of who and what the competition is and does.

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Published on April 13, 2018

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