Cloud storage is a commodity business and race to the bottom: hard drive prices already got there as local backup. Failing to see what the ipo upside is here.

A bit melodramatic but the cloud is very new and untested against natural events such as a coronal mass ejection, which could wipe put huge amounts of stored data...the sort of thing that arguably should be in IPO risk lists but isn't...yet... https://en.wikipedia.org/wiki/Coronal_mass_ejection