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This creates opportunity in the space. There were a lot of happy users of Drop.io that will be apprehensive to move to similar service from Facebook, Apple, Google, etc. Are there any viable competitors in the space?

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You hit the nail on the head here, this is the new "Space" and massively valuable - very much an un-touch niche market. To be able to silently accumulate 10m happy users is hugely impressive. The analytical info on 10m active users (file types sizes etc) is why they shut it down, to absorb that info and change FB for the long term. Maybe a more private FB in future for users that don't want News Feeds etc.

I'd be wary, personally. Facebook bought divvyshot and shut it down, thereby creating a space in that market too -- that was then quickly filled by Facebook, as they reimplemented photos based on the work of the guys at divvyshot.

Even for a talent acquisition, I'd be very surprised if they bought these guys to do something other than reimplement the functionality of Drop.io integrated into FB.

Sure valid point, either way the founders should not complain too much as a FB stock option and job will work our just perfect, if FB ever goes public.

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