In the past year, Dropbox has lied to it's customers about encryption and how much power Dropbox has over the data (!!!), shown that they deduplicate before encrypting (and that they can view files in your Dropbox and make them unsharable), and finally allowed all Dropbox accounts to be logged into without a password, for four hours.

And yet they are at a $5B+ valuation?

I'm amazed at how dropbox seems to be able to make any mistake and keep going. Very few other companies are capable of this. I'm not sure whether i should congradulate them or be disappointed.