Dropbox is raising another $250 million to complement its $312 million cash hoard, as reported by Businessweek’s intrepid Ashlee Vance. While the $8 billion valuation is double what it got last year on its previous $250 million raise, it may not signal the bubble that many fear. After all, Dropbox actually has significant sales—$116 million in 2012, according to The Wall Street Journal—and is moving into the more stable cash territory of enterprise computing.
But Snapchat turning down $3 billion from Facebook on sales of $0.00? That’s either a bubble or outright foolishness.
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