![]() ![]() ![]() Dropbox has been investing in a Smart Workspace and released a massive overhaul of its platform called 'the New Dropbox' just last year. Yet, Dropbox is no longer just a file-sharing service the company is planning to be more than only a cloud storage service. That is logical since Google and Microsoft utilise their dominance in other market segments to expand Google Drive and One Drive, Dropbox cannot do this. Still, in general, Dropbox is one of the most prominent players in the file-sharing space amongst Google ( GOOG) ( GOOGL) and Microsoft ( MSFT), and it seems like these competitors have grown faster than Dropbox over the last few years. Consumers might have different preferences. Since Datanyze accumulates this data from the top 1 million Alexa websites, the data is skewed towards enterprises. According to Datanyze, Dropbox is the second biggest file sharing service with a market share at approximately 20%, behind Google Drive, which has a 35% market share. The New DropboxĪs most of you will know, Dropbox is a massive player in the cloud storage space. In this article, I will elaborate on why I deem Dropbox's ( NASDAQ: DBX) stock to be a value trap: its mediocre revenue growth combined with generous stock-based compensation programmes imply it actually is a company with meagre growth on a per-share basis.
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