Dropbox acquires photo storage startup Loom, service to shut down on May 16

Cloud photo storage service Loom announced today that it has been acquired by Dropbox. Loom is no longer accepting new users, and existing customers can keep using Loom until May 16. The firm will offer an option to export data over to Dropbox. Dropbox announced Carousel, its own photo storage app that was similar to Loom, last week. Loom users that switch to Carousel will receive the an equivalent allotment of data from Dropbox, with paid users receiving free upgraded storage for a year. More to follow



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