Dropbox acquires Hackpad (YC W12)
This is how it was always going to go.Dropbox's core business is unsustainable, and they can't compete long-term with rivals like Google and Apple.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.It won't work. Acquisitions like this never go to plan, and they are almost always a waste of money.