Tuesday, April 24, 2001
News: Party's over for free online storage: "'I think everybody thought that online storage was a good idea. But I don't think anybody was quite sure what the business model would eventually be,' said Karl Klessing, Xdrive's executive vice president. Xdrive, with 9.5 million users, announced this week it will charge a $4.95 subscription fee for the use of 25MB of online storage. Up to now, the Santa Monica, Calif., company had made 25MB free."