Dropbox acquires Hackpad (YC W12)
This is how it was always going to go.<p>Dropbox's core business is unsustainable, and they can't compete long-term with rivals like Google and Apple.<p>They're flailing in all directions at the moment; pushing for the enterprise/government market with the appointment of Condoleezza Rice, now burning a load of money acquiring businesses offering tangential services, in the hope they can diversify their business model.<p>It won't work. Acquisitions like this never go to plan, and they are almost always a waste of money.