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Dropbox Expects to Be Profitable by Year’s End

By
Kevin McLaughlin
· · Source: The Information

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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