In Q3 of 2021, Dropbox had over 700 million registered users with 16.49 million paying users up from 15.25 million last year and those include both individuals and business subscriptions. As long as users are satisfied with the product, they will continue using and paying for it. Like a lot of modern tech companies, the Dropbox business model revolves around subscriptions and that means it is relatively predictable. Always look at the numbers before you invest especially these days when there are so many companies that talk a lot, but have nothing to show for it. This all sounds really good, but let's look at the numbers. If it goes well though, it could become a very successful marketplace for digital content. I am really interested in the Shop feature, I think that has a lot of potential, but it's still too early to tell. However, Dropbox continues to look for new ways to improve and expand and have recently introduced three new features: Capture, Replay and Shop. Overall, these three services provide the backbone of the Dropbox product offering. HelloSign provides the ability to send, receive and manage legally binding electronic signatures, whereas DocSend allows you to securely share documents with other people or businesses, track their usage, provide NDAs, meaning Non-Disclosure Agreements, eSignatures, watermarking and so on. Over the last three years they have also acquired HelloSign and DocSend that provide even more capabilities to its users. However, Dropbox is actively striving to become a workspace platform or a smart workplace. Essentially, you can store files on Dropbox and synchronise and share them across PC, mobile, tablets and so on. So, the question is, what does Dropbox actually do? Their flagship product, Dropbox, is a cloud storage solution similar to Google Drive, One Drive, iCloud and so on. A lot of people are also starting their own small businesses and they need solutions like Dropbox to help them organise their files, documents and so on. This growth is likely led by the overwhelming switch since last year to working from home. In fact, Dropbox does not have a single earnings or revenue expectations miss since they floated on the stock market! Yes, Dropbox's growth may be slowing down a tiny, tiny bit, but it is still double digits. It's a well-performing business that keeps beating analyst expectations. So, why should we care about Dropbox? Simple.
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