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 Weekend Startups AI
The Shaky Mental State of Silicon Valley
Hi, welcome to your Weekend! Next month, when the San Francisco Board of Supervisors reconvenes after its summer recess, one of the matters up for discussion will be a resolution to decriminalize the use of psychedelics. While San Franciscans have never needed Board approval to partake in the wonders of nature, you can bet plenty of tech workers around town will be rooting for a yay...
Peloton Announces Job Cuts, Store Closures and Price Hikes
South Korea’s Mirae Asset Management Led $250 million SpaceX Investment
Founder of Crypto Exchange Houbi in Talks to Sell Stake for $1 Billion
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