Some investors also worry that being a "legacy" cloud provider, increasing competition from more established names such as Amazon ( AMZN ) and Microsoft ( MSFT ) could adversely affect Dropbox's business. Hence their mundane services of storage and collaboration do not provide the hype and fanfare that investors crave for. One reason that Dropbox could have been overlooked (relative to other cloud companies) is that Dropbox does not boast the impressive technologies or advanced artificial intelligence capabilities that others may have. Yet, while most tech companies have seen >100% growth in the past three years, regardless of valuation or financials, investors of Dropbox during its IPO have almost zero returns! This is rather unusual for a tech company given that on the surface, Dropbox's revenue has been increasing and cloud adoption is only expected to trend upwards.
However, despite this increase, Dropbox is still trading at a similar level to its IPO price back in 2018. Like other technology companies, Dropbox's share price has seen a sharp increase in the past year, almost doubling from its pandemic lows.
Founded in 2007, Dropbox ( NASDAQ: DBX) is an online cloud service provider which allows users to store, share and collaborate on their documents.
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