I can understand the value of Dropbox. Stuff like Snapchat being worth billions just make me feel like I don't know how anything works anymore.
Snapchat is a network and therefore is open to network effects, i.e. the sum becomes greater than the parts.
I think in ten years time Snapchat will look the more justified valuation, providing they execute.
Dropbox are going to struggle unless they can innovate ontop of the current business model.
They execute what, exactly? I looked at their investors page. Doesn't make any sense. It's a sexting app!!!
I can understand the value of Dropbox. Stuff like Snapchat being worth billions just make me feel like I don't know how anything works anymore.