Open to recommendations...
Dropbox CEO Drew Houston to step down
341–350 of 466 posts
Re: Dropbox CEO Drew Houston to step down
#342what are they building?
rsync for walled gardens
Re: Dropbox CEO Drew Houston to step down
#343Now the native file sync is a really doomed space for individual customers (because I have never explored what's out there exclusively for enterprise). Dropbox is well Dropbox New. Anyone in their right minds, or if anyone has a device other than an Apple device, will not even think of relying on the (even after years of complaints) opaque and buggy iCloud. Google Drive, while most reliable technically, is a really bad bet as a filesystem file sync tool; besides, they are much more bloated than Dropbox, and their suite offerings are intertwined with it so deep. Smaller offerings like Tresorit (though most "native" among its peers) are too buggy and have questionable practices like that of pCloud, etc.
So while the entire personal/consumer filesystem file sync system has gone to the gutter now, Dropbox is still a bad solution among quite worse ones and that's really sad. From storing 100s of GBs at one point, I am back to just ~300 MB in Dropbox now. Just couldn't trust it anymore after it broke my workflows quite a few times and still keeps trying with that sudden pop-up of "Update Available" which is not really an app update (app updates silently in the bg; all hail Electron), that is actually a sly way to make you enable its folder on File Provider API feature. I am sure it is a good feature for many but for heaven's sake the very reason I started using (and still use Dropbox for) is because it syncs my complete files across systems. The lest you can do is not actively try to make me click on it. Besides I don't want any other bloody thing. Just give me that feature, and only that, and take my money and in a native app while we are at it. There are LLMs now, give us back a native app at least.
Seeing the focus on "AI" I am pretty sure very soon I'll have to take even that ~300 MB elsewhere.
PS. Their support is absolutely questionable. I've had a chance to contact them for some bugs. Goodness, it took literally weeks, and dozens of messages, to make them accept it's a bug and even then they didn't really accept they just stopped responding (so I assume they accepted it. Besides it was never fixed :D).
Re: Dropbox CEO Drew Houston to step down
#344what are they building?
Re: Dropbox CEO Drew Houston to step down
#345Earlier quoted context omitted.
All I care about is packrat and good syncing. For me that and end-to-end encryption (I know it's supported for teams now). Instead they just added more annoyances over time. Every time I logged into the web interface, I would get stupid upselling advertisements (maybe don't badger your paying users with that nonsense)? I replaced the official client by Maestral years ago, because they switched to embedding a web brow…
E2E is supported for specific types of folders available only to teams but the admin has to enable it and that folder has to be used. You can't apply it team wide to all users. It's a very poor implementation.
Re: Dropbox CEO Drew Houston to step down
#346Earlier quoted context omitted.
I meant "gross income", which is revenue. Not "net income", which is profit. I was unclear and I apologize.
Revenue and gross income are definitely not the same. It's a very common confusion.
"Gross income is that same revenue minus the direct costs of producing the goods or services (such as materials and direct labor)."
Re: Dropbox CEO Drew Houston to step down
#347Aside from the issue of platform owners (Apple, Google, Microsoft) offering storage sync as an integrated feature, which others have pointed out, the other reason growth is limited is that filesystem storage and sync thereof has become less critical over time. Our apps increasingly do cloud-native walled-garden storage: docs in Google Docs / Notion / Confluence, mocks in Figma, etc. And code was cloud-native with ver…
Files became an implementation detail.
Re: Dropbox CEO Drew Houston to step down
#348it's very good + super fast.
Re: Dropbox CEO Drew Houston to step down
#349Earlier quoted context omitted.
Files became an implementation detail.
It's mobile devices not having user-facing files as first-class citizens. The mobile era started just as Dropbox started to solve a computer era problem. Bad timing.
In a computer only world there are myriads of other solutions, elegant or not.
Most work computers were permanently plugged into network shared folders, and would have over the VPN access for on the road salesmen etc.
Home users mostly didn't care about cloud storage or shareable folders, those who did could get away with ftp (basically supported everywhere, like straight in explorer windows)
Dropbox flourished because most people got a second device, always connected, but with no decent file management. Many of us used Dropbox not even for sync but just to properly handle files.
Re: Dropbox CEO Drew Houston to step down
#350Earlier quoted context omitted.
It's done to increase EPS per share and return cash to ongoing shareholders in a more tax friendly way, yes.
People say this, but the cash is returned only if you sell. A dividend is cash in pocket plus the stock.
Even if you set your dividends to automatically reinvest via a DRIP program, you still pay taxes on dividends in the year in which they are issued. This reduces the effect of compounding.
> plus the stock
The key point in a buyback is that each share of stock becomes worth more because the company is divided into fewer units. So each share is worth more than it would be had the case instead been used to pay dividends.