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I don't see Dropbox surviving. They're supposedly breaking even for the first time this month, after ten years, but growth is slowing dramatically. They have o
by caymanjim 5y ago
I don't see Dropbox surviving.
They're supposedly breaking even for the first time this month, after ten years, but growth is slowing dramatically. They have over 700 million users, but only 15 million paying users. Growth in paying users from 2019-2020 was only 8%, down from 12% the year before, and the numbers are more dramatic the farther back you go.
They're at cost parity with their primary competitors for the most basic plan ($9.99 for 1TB), but there are cheaper alternatives, especially for family plans. Dropbox doesn't have the economies of scale that Microsoft, Google, et. al. have, so storage remains a loss-leader for them. The only way they can make money is trying to upsell addons that most people don't want. If not for the inertia of being first to market, they wouldn't have many paying users. The year-over-year growth in paying customers says it all.