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I thought Dropbox's revenue mainly comes from it's business clients - B2B is more $ compared to B2C although B2C might be more profitable as customers might pay the $10/1TB and not really use that much anyways)

Their paying users have increased, but the revenue per user has decreased (based on the S1...which I assume is because of enterprise deals).




This is from the SNAP S1 not the dropbox S1




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