Shares of Dropbox dropped more than 13% on Friday in the wake of its quarterly earnings report , as investors appear to be growing impatient with the pace of the file-sharing company’s efforts to turn users of its free services into paying customers. Dropbox says it now has 13.6 million paying customers, which is 14% more than it had at this time last year, but up just 3% from last quarter....
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Instacart Cuts Staff, Curbs Hiring in Run-up to IPO
Instacart has been letting go of staff, slowing hiring and curbing other expenses as it heads toward a public listing, when the grocery-delivery company will try to convince public investors that it can maintain its growth—and make a profit—as the economy slows. The San Francisco startup over the last two months has fired some of its more than 3,000 workers after holding midyear...
Twitch’s Creators Chief Departs Amid Payout Cutbacks
Amazon Informs Employees It Miscalculated Raises
Google CEO Addresses Employee Questions about Cost-Cutting
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