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Plans (US): 15GB for Free, 1.99/Month for 100 GB, 9.99/month for 1TB, 99.99/month for 10 TB
SpecsUpdate
Pros
Pro File sharing & collaborative editing
Google account holders and non-holders can be set to access and/or collaborate on files/folders in real-time. Additionally, you can find files you've shared not only by filename but by person you've shared the files with.
Pro Integrates with other Google services
For example, you can use search to search through both Drive and Gmail.
Pro Revision control
By clicking Ctrl + Alt + G in Windows or Command + Alt + Shift + G is OS X you can access previous version of the file.
Pro Extended functionality via apps
Third party Drive applications running in Chrome or Android can add functionality such as image/video editing, project management, flowchart creation, etc.
Cons
Con Terms and Conditions allow Google to own anything on Google Drive
They can create derivative works, they can perform it, they can modify it, and they can publish it at will. There are many other specific rights they take over your product. Read the Terms carefully and compare with ANY others.
Con No official client for Linux
Google as of yet has a client for Linux, leaving many who use the service forced to use third party apps or the webpage.
Con Unusable for business in the EU
Cloud applications are mostly incompatible with the EU general data protection regulation.
Con Data privacy not guaranteed
Data privacy is widely known as one of Google's weaknesses. Data shared through Google is most likely matched up with the user's profile inside other Alphabet inc. subsidiaries, and, due to the business model, used commercially.
Con No WebDAV, FTP or SFTP
It supports none of these common protocols used for access to network storage, which severely limits OS integration. You are forced to use the browser or a standalone client, which isn't possible on all systems.
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