PODCAST: Is Dropbox really worth $8 billion?
Government figures today show retail sales went up more briskly than expected last month. Setting aside volatile spending for cars, fuel, and building materials, retail sales went up half a percent, more than analysts were expecting.
Dropbox is trying to raise a reported $250 million from investors, a deal that would value the company at more than $8 billion. Dropbox isn’t saying much. It’s only issued a statement saying it has more than 200 million users and “strong momentum.” But $8 billion worth of momentum?
As Thanksgiving approaches -- and while folks worry about Butterball’s turkey shortage -- we took a look at large turkeys of a different kind. Allan Sloan, senior editor-at-large of Fortune Magazine, shares his pickings for the year’s worst deals and financial flops.