Cloud Stocks: Dropbox Needs To Share API Metrics

Dropbox continued to expand its partnerships with other tech players. It built new integrations to ensure the apps that the customers use at work are a part of the Dropbox experience. It built deep integration into offerings from strategic partners like Atlassian, Slack, and Zoom to help bring users content into context. Dropbox believes that users who have adopted these deep integrations are more likely to convert to its paid plans and will more likely be more collaborative and engaged. It recently also announced a partnership with BetterCloud that gives admins the tools needed to manage and secure the SaaS environment. BetterCloud allows businesses to enforce custom security policies, scan content for sensitive data, and automate critical processes.

Dropbox allows developers to develop applications on its platform. It offers official SDKs for several popular programming languages along with several pre-built components. Developers can leverage these APIs to build custom solutions to improve collaboration, streamline workflows, and secure content. Dropbox does not share a lot of detail about its API usage statistics. I would like to see the results it is getting there to understand its platform strategy.

Its stock is trading at $19 with a market capitalization of $8.2 billion. It had climbed to a 52-week high of $26.20 in July last year. It had fallen to a 52-week low of $16.08 in December last year.

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Sramana Mitra is the founder of One Million by One Million (1M/1M), a global virtual incubator that aims to help one million entrepreneurs ...

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