Facebook Inc. (NASDAQ:FB) is considering a move to switch its cloud storage to Google parent Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) from San Francisco-based cloud storage company Dropbox, reported The Information Tuesday.
Shares in Dropbox Inc (NASDAQ:DBX) declined 1.9% to close at US$31.65.
Today Dropbox has more than 500 million registered users, of whom 11.5 million pay an annual subscription fee for more storage than is offered for free. This includes more than 300,000 paying business customers.
In business trivia, Dropbox caught the attention of the late Steve Jobs, who made an offer for the business in 2011.
“If it happens, the move would be more than a typical case of a company switching technology vendors. It would represent a significant reversal for Facebook CEO Mark Zuckerberg, whose aversion to the company's rival Google has been well known inside Facebook for many years,” reported the news website.
The switch is being considered to “soothe long-running frustrations” among Facebook employees over Microsoft’s applications and others — like Salesforce’s Quip, said the report.
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