Telstra, Box and the Web 2.0 bubble

The telco has reportedly pumped $10 million into US-based online storage service but just what’s so enticing about the company?

Telstra’s venture capital arm has reportedly pumped $10 million into US-based online storage service Box. The California-based online storage provider might not be as high profile as its rival Dropbox, but just what’s so enticing about the company that it is now worth in excess of $2 billion?

Box will welcome every dollar it can get as it looks forward to global expansion and an eventual public offering. But the $2 billion tag once again poses an important question – just how big can the Web 2.0 bubble get?

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