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April 30th, 2025 | 07:00 CEST

The future of digital content: MiMedia, Dropbox, and Amazon in the race for data sovereignty

  • computing
  • Software
  • Technology
  • Digitization
Photo credits: pexels.com

Cloud services are simple and incredibly useful. Whether it is photos from past vacations, data from a long-term project from 2020, or the baking recipe Grandma sent us years ago via WhatsApp - all this information is now just a few swipes away. However, the more personal data we store online, the greater the risk. More and more customers are focusing on security. We look at the business models of cloud service providers MiMedia, Dropbox, and Amazon.

time to read: 3 minutes | Author: Nico Popp
ISIN: MIMEDIA HOLDINGS INC | CA60250B1067 , DROPBOX INC CL. A | US26210C1045 , AMAZON.COM INC. DL-_01 | US0231351067

Table of contents:


    MiMedia: Bringing Western standards to emerging markets

    Canadian company MiMedia Holdings provides a platform that enables customers to store their data securely in the cloud. The focus is on user-friendliness and the ability to access stored data from anywhere, whether it is photos, videos, music, or other files. MiMedia attaches great importance to data protection. Communication via MiMedia apps is fully encrypted during data upload. Furthermore, the app complies with all common data protection standards, such as the German General Data Protection Regulation (GDPR).

    MiMedia pursues a B2B2C business model. This means that MiMedia offers framework agreements to companies such as telecommunications providers. The MiMedia app is then pre-installed on end devices. In March 2025, MiMedia Holdings signed a major strategic partnership with Walmart Latin America. The Company owns the mobile phone provider Bait, which has 18.3 million customers. Bait is considered an integral part of Walmart Latin America's digital strategy and serves as a platform for distributing telecommunications and smartphone services directly to Walmart's broad customer base. While many established cloud providers are only growing at a modest pace, MiMedia is generating dynamic growth, especially in emerging markets. In addition to South America, Africa is also considered an exciting market, with an estimated one billion smartphones expected to be in use there this year. MiMedia offers locally adapted features for the African market, such as language support for Swahili. MiMedia CEO Chris Giordano summarises his approach as follows: "Our high-margin, recurring revenue model, coupled with global expansion opportunities, sets the stage for unprecedented growth."

    What are the market leaders Dropbox and Amazon doing?

    Even though MiMedia is growing strongly, especially in emerging markets, and already has more than six million users, companies such as Amazon, Alphabet, and Dropbox remain the market leaders. The latter company has been on the market for many years and offers suitable tariffs for both business and private customers. Amazon primarily targets business customers with Amazon Web Services (AWS) and offers high scalability from startups to large corporations. AWS has a global market share of 31% in the cloud sector. Alphabet's cloud division is called Google Cloud and accounted for around 15% of the tech giant's total revenue in 2024, with USD 47.2 billion. However, Google Cloud is primarily aimed at business customers, who can book storage space as well as tools and other resources. Google Photos and Google Drive, on the other hand, are more geared toward private users.

    In recent weeks, criticism of large tech companies has grown louder again. The reasons for this are their handling of data protection violations, their often lack of transparency, and their circumvention of European regulations. In recent months, accusations have repeatedly been made in the US that freedom of expression is restricted within the EU. Conversely, many observers see a trend toward more radical content on "Big Tech" services. There have also been calls for more regulation in the European public sphere. Some users have already turned their backs on Big Tech services and are now using alternative services instead of Amazon, Google, or WhatsApp.

    How many switchers can MiMedia convince in the West?

    In the area of comprehensive and fully integrated cloud services, MiMedia could also become one of these alternative services for Western users. The platform complies with European data protection standards and attaches great importance to user-friendliness. If the confrontation between the US and the rest of the world escalates, more users may want to switch cloud service providers.


    This potential momentum can already be seen in the share price performance of the three stocks. MiMedia is one of the absolute high flyers, both on a weekly basis (+15.8%) and over the past six months (139.13%). Dropbox and Amazon shares have been significantly sluggish over the past six months: With 10% for Dropbox and -2.3% for Amazon, performance was rather poor. MiMedia's shares are a hot bet on disruption in the cloud market. The deal with Walmart Latin America shows that the Company can gain a foothold in emerging markets. Switchers from Amazon, Dropbox, and others are also possible. This fantasy is currently reflected in the share price.


    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

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    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

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    Der Autor

    Nico Popp

    At home in Southern Germany, the passionate stock exchange expert has been accompanying the capital markets for about twenty years. With a soft spot for smaller companies, he is constantly on the lookout for exciting investment stories.

    About the author



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