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How will Dropbox react to Google Drive's pricing cuts?
The cloud storage market has exploded in recent weeks, owing primarily to Google's recent pricing reduction on Drive. This first caused anxiety for Dropbox, which had had its IPO and saw its stock price plummet within a month after shares went on sale. However, Dropbox had a great week in the markets, with robust user growth and a larger-than-expected round of investment that increased its valuation from $9 billion to $10 billion.