The NYT[1] has some important context missing in the WSJ summary:
> At that price, the company will still be valued at $1.7 billion, but it is well below the $2.4 billion valuation sold to investors in a financing round last summer.
The float looks small though, so there's hope for last round's muppets.
> At that price, the company will still be valued at $1.7 billion, but it is well below the $2.4 billion valuation sold to investors in a financing round last summer.
The float looks small though, so there's hope for last round's muppets.
[1] http://dealbook.nytimes.com/2015/01/22/online-storage-provid...