Dropbox Acquires Cloud Photos Startup Loom And Document Collaboration Service Hackpad

Only days after revealing its first dedicated photo management and sharing application Carousel, Dropbox is announcing it has acquired cloud photo storage and sync service Loom, a favorite among iOS users. The company, which currently offers apps for iPhone, iPad and Mac, as well as an online experience, says it will no longer be enrolling new users and will work to transition existing customers to Dropbox by May 16, 2014, at which point Loom will be shut down.