1 hour ago
“Groupon’s problem is similar to the subprime lending problem,” he said. “Groupon is saying we will give a restaurant cash now, but it doesn’t have to deliver a product. The businesses that sign up for Groupon are desperate, and when they go out of business, Groupon has to pay a refund.”
Once you begin using Dropbox, you become more and more indifferent to the hardware you are using, as well as the operating system on that device. Dropbox commoditizes your devices and their OS, by being your “state” system in the sky. Storing credentials and configurations of devices, and even applications are natural next steps for this company. And the further they take it, the less dependent any user becomes of the physical machine (HW and SW) that is accessing that data (and state). Imagine the number of companies, as well as the previous paradigms, this threatens.