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!