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Google slashes prices for Drive monthly plans

The company has dropped the price of paid plans for its cloud storage service.

Google on Thursday announced that it is dropping the price for access to its cloud storage service.

Fifteen gigabytes are still free, but a monthly plan of 100 gigabytes has dropped to $1.99 from $4.99. One terabyte is now $9.99, down from $49.99, and 10 terabytes and over start at $99.99.

Drive's storage works across products like Docs, and Gmail and Google+ photos. Customers who already pay for service will automatically be moved to one of the new plans.

The company has recently made a push in its productivity services. On Monday, Google announced a bounty program for its enterprise suite of apps, offering a $15 reward to people for every new user they sign up. And on Tuesday, it announced the launch of an add-on store for Google Drive and Sheets.

Correction, 3:53 p.m. PT: An earlier version of this story misstated the monthly price of a terabyte. It is $9.99.