>the vast majority of their customers don't pay a dime according to their CEO.
That doesn't matter as long as those who do pay subsidy the others. From what they said, they have 100,000+ paying businesses and smart ways (like hash-based de-duplication) for minimizing their storage costs.
Their CEO also said that they have enough cash to not need new financing.
Yes I've seen the 100K estimate on paying users but that isn't that significant considering how many millions of free users they have (and how many full-time employees they need to pay for).
And "not need new financing" is no indication of profitability either.
That doesn't matter as long as those who do pay subsidy the others. From what they said, they have 100,000+ paying businesses and smart ways (like hash-based de-duplication) for minimizing their storage costs.
Their CEO also said that they have enough cash to not need new financing.