Dropbox Posts

Dropbox acquires photo app Loom, integrating it into Carousel

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Cloud storage company Dropbox has acquired Loom for an undisclosed amount of money. Loom’s user base will be rolled into Dropbox’s new Carousel app by May 16 and Loom will be shut down after that. Loom is no longer accepting new users. Loom’s 8-person team will be joining Dropbox to work on Carousel.

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Dropbox names Condoleezza Rice to board of directors

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Dropbox has added Condoleezza Rice to its board of directors. Rice is the former U.S. secretary of state. She is also a longtime professor and administrator at Stanford University. Rice’s firm RiceHadleyGates has been an active advisor to Dropbox. Dropbox made the announcement on Wednesday around the same time that Carousel was launched.

Dropbox announces Project Harmony

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Dropbox has announced a new service called Dropbox for Business today. Dropbox gives users the ability to switch between personal files and business files. Users can access both Dropboxes from any device. This gives admins more visibility and control of company data.

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Dropbox launches photo and video app called Carousel

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This morning Dropbox announced a new application called Carousel. Carousel is a photo and video archive app that the company will be maintaining for people to store and access digital photos. You can download the app from Carousel.com.

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Dropbox to bring Mailbox to Android and PCs

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Mailbox is an app that helps users manage e-mail. There are many people that get overwhelmed with e-mail and could spend a whole day trying to get their inbox to say 0 unread e-mails again. Dropbox has confirmed that an Android and desktop PC version of Mailbox will be coming soon. In fact, the Android version is expected to launch today for free. The desktop Mailbox app is currently in closed beta.
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Dropbox reportedly receives over $500 million in credit financing

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Dropbox has received a credit facility of over $500 million, according to Re/code. Dropbox raised $350 million in equity funding at a $10 billion valuation earlier this year. Dropbox will likely use the credit financing to improve infrastructure and maintain a lead in the competitive online storage market. Dropbox competes against storage services offered by Box, Microsoft, Apple and Google. The credit facility was led by JPMorgan. Dropbox is expected to announce new features on Wednesday. Stay tuned to find out what the company announces.

Dropbox acquires Readmill, shutting it down July 1st

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Dropbox has acquired Readmill and will be shutting down the app on July 1, 2014. Readmill said it was joining Dropbox to work on “new ways to read together.” Readmill will not be accepting new accounts.

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President Obama met with tech executives over spying on Friday

Barack Obama
President Obama met with Facebook CEO Mark Zuckerberg, Google Executive Chairman Eric Schmidt, Netflix CEO Reed Hastings, Dropbox CEO Drew Houston, Palantir Technologies’ CEO Alexander Karp, Box’s CEO Aaron Levie to discuss ways to reform the National Security Agency’s (NSA) surveillance program. Yahoo! CEO Marissa Mayer and newly appointed Microsoft CEO Satya Nadella were also invited, but could not change their schedules in time to attend.
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