Those growth rates indicate Dropbox isn't falling behind its biggest competitors, which include Box (NYSE: BOX) and tech giants like Microsoft (NASDAQ: MSFT), Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, and Amazon (NASDAQ: AMZN). Both Dropbox and Box will likely continue to attract individual users and businesses that don't want to be tethered to Microsoft, Amazon, or Google's services. Many tech stocks tumbled this year as investors fretted over rising bond yields, inflation rates, frothy valuations, and tough post-pandemic comparisons for companies that benefited from stay-at-home measures.