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I think they use Amazon S3, so their cost is 5 cents/GB of storage + bandwidth costs. I would assume more referrals = more conversions and any conversion should be very profitable.

I wonder if they will reach a tipping point where it will be cheaper for them to have their own distributed hosting setup. I think Ubuntu One is doing it right now (I haven't used it yet) http://en.wikipedia.org/wiki/Ubuntu_One

Amazon is amongst the most expensive afaik

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