Dropbox, thanks to steady growth in paying users, expects to be profitable by the end of the year, CEO Drew Houston said on the file-sharing company’s fourth-quarter earnings call. This is the first time that Dropbox, which was founded in 2007 and went public nearly two years ago, has signaled to investors that it is close to turning a profit. Dropbox reported a net loss of $52.7 million for...
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The Briefing Enterprise Markets
Twitter’s New CEO Gets Thumbs-Down From Wall Street
It seems Jack Dorsey’s abrupt departure as CEO of Twitter was welcome news to the company’s long-suffering shareholders—until it wasn’t. A 10% uplift in Twitter shares that was triggered by the initial headline evaporated shortly after Twitter identified his successor as Chief Technology Officer Parag Agrawal. Talk about going from the devil you know to the one you don’t! Twitter shares ended...
China’s Government Proposes Rules to Protect Ride-Hailing Drivers’ Rights
Hashicorp Sets Pricing Range Valuing it at $13.5 Billion
Clearlake Capital Group Acquiring Quest Software for $5.4 Billion
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