Dropbox buys Mailbox for (reportedly) $100 million

[Batman89]

Forgive my ignorance, but how is something like Mailbox, a fairly new app that is free, worth that much, if it brings in no (as far as I know) revenue?

I know I'm clueless to this, but would like to know

 

[ideal.dreams]

I read a few articles stating that Dropbox bought Mailbox but none of them disclosed for how much. What source did you get $100 million from?

 

[Batman89]

Various sources, actually. This one from a quick Google search:

http://techcrunch.com/2013/03/15/mailbox-cost-dropbox-around-100-million/

 

[pickaxe]

What a gigantic waste of money. Just another gimmick app with barely any substance.

 

[dukebound85]

Not as bad as facebook buying instagram for 1 BILLION

 

[MacDawg]

Let's consolidate comments in the news thread here

Thanks!