Dropbox Hasn't Built a Moat
Facing extensive competition from much larger firms, we think Dropbox will face headwinds and see shares debuting at too rich of a price.
Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. With Dropbox set to start trading, I'm here with Billy Fitzsimmons, he's an equity analyst at Morningstar. He'll be covering Dropbox for us.
Billy, thanks for joining me.
William Fitzsimmons does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.