Indeed it's a tough for companies like Dropbox to compete against the Big Tech players. The proverbial you win some battles but lose the war.
On the other hand, Dropbox could've shifted more towards the enterprise customers and gained traction before the likes of Microsoft and Google ramped up their competing products. That'd have built them a better moat than being subject to the fickleness of mass consumers.
>Indeed it's a tough for companies like Dropbox to compete against the Big Tech players. The proverbial you win some battles but lose the war.
It seems like Dropbox could be generating 10s to low 100s of million in profit every year. They're spending a lot on R&D that they don't necessarily need to in order to chase growth. Even if GDrive/OneDrive et.al. eventually drive them out of business it would only be after Dropbox made 100s of million to billions.
On the other hand, Dropbox could've shifted more towards the enterprise customers and gained traction before the likes of Microsoft and Google ramped up their competing products. That'd have built them a better moat than being subject to the fickleness of mass consumers.