Is Dropbox Stock a Buy?
Dropbox (NASDAQ: DBX) went public in early 2018, but the cloud storage service provider's stock still remains below its IPO price of $21. Let's see why Dropbox was left behind as many other cloud service stocks rallied, and whether or not it's still worth buying.
Dropbox and its main rival Box (NYSE: BOX) were both founded over a decade ago. Both companies operate "freemium" cloud storage services.
Dropbox's free tier provides individual users with 2GB of cloud storage. Individuals who pay $9.99 a month get 2TB of storage, or they can get family plans that split 2TB among up to six users for $16.99 a month. For enterprise users, Dropbox offers business plans that start at $12.50 per user each month.
Source Fool.com
