Don’t Get Greedy

First, Groupon reportedly turns down $6b from Google.  I was shocked when I heard that, and then stunned when I saw their financials filed with the SEC.  Now, they’re surrounded by competitors, pulling their IPO, and the SEC is questioning the CEO’s leaked all-hands memo for violation of quiet period rules.  I wonder if they wonder about the Google offer.

Now, Business Insider is reporting that Dropbox turned down $800m from Apple.   I suspect (without data), that Dropbox is much less unprofitable than Groupon, but I’m still shocked.  iCloud isn’t perfect, but Dropbox’s long-term risk is that file sharing becomes an OS & app feature.

Don’t get greedy!

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  1. Pingback: Boy, Was I Wrong About Dropbox |

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