The evolution of cloud-based services has happened at such a lightning-fast pace that only one misstep in service or price can cost a company significant market share. Now, the search company has to wait to see if that draws customers from other services, or whether the decision has come too late. So, Google has dropped the prices drastically. Google Inc.'s ( GOOG) product has been considered overpriced, and thus not competitive, or at least not competitive on that single basis. Google Drive, the company's push into cloud-based storage, has a problem.
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