Thursday, February 09, 2012
Google's Drive Threatens Dropbox
For a stock to be a Big Stock, it MUST have a competitive advantage.
I call these companies "Me toos". If any company can enter a space this easily, you don't have a competitive advantage.
There are other companies that have a competitive advantage in the cloud computing wave, find out how to spot them (How To Find Big Stocks)
From Wall St Journal Google Near Launch of Cloud Service
The Google service, which is expected to launch in the coming weeks or months, will be free for most consumers and businesses
Like Dropbox, Google's storage service, called Drive, is a response to the growth of Internet-connected mobile devices like smartphones and tablets and the rise of "cloud computing," or storing files online so that they can be retrieved from multiple devices, these people said
Drive allows people to store photos, documents and videos on Google's servers so that they could be accessible from any Web-connected device and allows them to easily share the files with others, these people said. If a person wants to email a video shot from a smartphone, for instance, he can upload it to the Web through the Drive mobile app and email people a link to the video rather than a bulky file.
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