Read this article for free.

Already a subscriber? Log in here

Enterprise Amazon Google Markets

Mutual Funds Mark Down Dropbox Holdings

Alfred Lee

and

Steve Nellis

Oct 02, 2015 7:06 AM PDT ·

Comment by Matt Greenfield

Two of Dropbox’s largest mutual fund investors have marked down the value of their holdings in the company by a little over 20% in recent months, the funds disclosed in recent days.

While the reasons for the markdowns aren’t clear, they could reflect the funds’ faltering confidence in the company, valued at $10 billion at its last fundraising early last year. Dropbox’s core business of providing online storage is rapidly being commoditized as Google, Apple and Amazon all offer competing services at lower prices. Dropbox also looks pricey compared to rival Box, which is public and valued at $1.4 billion, despite being expected to generate between half to three-quarters of Dropbox’s estimated revenue this year.

Read this article for free

This article is part of our archive of over 2,400 stories and is only available to subscribers. To give you a preview of the work we do, you can enter your email to access the full article.

Already a subscriber? Log in here

What Is The Information?

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting, stories, and exclusives you won't read anywhere else from the largest newsroom in tech.

Conference calls

Go deep into areas like crypto and VC diversity—or get real-time analysis of breaking news—via conference calls with our reporters and other experts.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, subscribers get access to dozens of events a year, from intimate dinners to larger gatherings with marquee speakers.

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.