Dropbox On Track To Earn $100 Million In Revenues This Year

Posted Mar 22, 2011

Dropbox is a cloud storage and syncing service that is on track to earn $100 million in revenue this year, giving them a valuation worth $1-$2 billion. The first 2GB of cloud storage on Dropbox is free and after that, there is a monthly fee. As cloud server storage prices are dropping for suppliers, Dropbox’s margins are constantly improving. Dropbox was founded in 2007 and has 10x year-over-year growth. [BusinessInsider]