Documents reveal that Dropbox is set to sell shares in the secondary market at a 34 percent discount from its prior sale. The question is: Will that hit the rickety cloud startup's valuation, now around $10 billion? Probably, yes.
[William Alden | BuzzFeed]

Diane Greene, the new enterprise boss at Google, has an edict to build the company's cloud and apps units into serious players, so she's on the M&A hunt. Here's her target list, which includes Namely and Shopify.
[Arik Hesseldahl and Mark Bergen | Re/code]

Boston Dynamics impressed millions with its remarkable (and frightening) robotics videos. But it failed to impress its owner, Google. The search giant's parent, Alphabet, is putting the robotics unit up for sale after it failed to offer a compelling business strategy. (The loss of the Google's robotics father, Andy Rubin, did not help.) Potential buyers include Toyota and Amazon.
[Brad Stone and Jack Clark | Bloomberg]

What if the FBI wins? What if the agency gets the legal clearance to force Apple to unlock the San Bernardino iPhone? Several Apple encryption engineers told The New York Times that they would refuse to do so -- or even quit the company in protest.
[John Markoff, Katie Brenner and Brian X. Chen | The New York Times]

Facebook isn't the only company cashing in on social. China's Tencent posted a 45 percent jump in quarterly sales, boosted by growth in mobile games and ads from its wildly popular WeChat platform.
[Lulu Yilun Chen | Bloomberg]