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April 5, 2012 By News Staff
Answer: $4 billion
The online file-sharing company received $250 million in venture capital at a $4 billion valuation, according to The Wall Street Journal, which reported that the company even secured celebrity investments from U2's Bono and his bandmate, The Edge. At that valuation, five-year-old Dropbox is worth as much as companies with multi-billions in revenue, such as Cablevision Systems Corp.and Expedia Inc.
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Totally ridiculously absurd market cap. We're heading back to the madness of the late 90's, further diluting the capital strength of US economy (that never fully recovered from the last internet implosion) on get-rich-quick securities scams that will take us down even further. This proves our investment/financial mentality has hit bottom and started to dig.