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Dropbox, Inc. - DBX STOCK NEWS

Welcome to our dedicated page for Dropbox news (Ticker: DBX), a resource for investors and traders seeking the latest updates and insights on Dropbox stock.

Dropbox, Inc. (NASDAQ: DBX) is a leading provider of cloud storage and content collaboration tools, emphasizing its services for individuals and small to medium-sized businesses (SMBs). Founded in 2007, Dropbox was a pioneer in the cloud storage and cross-platform file syncing space. Today, over 700 million users across 180 countries rely on Dropbox to stay organized and keep their work moving.

Headquartered in San Francisco, Dropbox has expanded its product lineup through both organic and inorganic growth. Notable acquisitions include the secure document sharing platform DocSend, which offers real-time actionable feedback and security for business-critical documents. With its core business rooted in cloud storage, Dropbox has been diversifying its product offerings, aiming to create a more comprehensive suite of tools that simplify life for millions around the globe.

Recently, Dropbox's subsidiary DocSend reported promising trends in startup fundraising. According to their latest data analysis, there was increased investor engagement with pitch decks, showing positive momentum for the first time in six quarters. Despite a challenging economic environment, investor activity rose 1.7% quarter-over-quarter, indicating a hopeful outlook for deal-making in 2024.

Dropbox continues to innovate and develop new products to meet the evolving needs of its users. The company’s commitment to creating collaborative tools and solutions has solidified its position as a significant player in the tech industry. With a global team and offices worldwide, Dropbox is poised for continuous growth and aims to design a more enlightened way of working.

For more information about Dropbox's mission and product offerings, visit dropbox.com. For career opportunities, explore Dropbox Careers.

News

DocSend 2023 Year-End Data Indicates Positive Fundraising Momentum Going Into 2024

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DocSend, a secure document sharing platform and Dropbox (NASDAQ: DBX) company, released a new data analysis of startup fundraising showing positive momentum for the first time in six quarters, based on investor engagement with pitch decks. The Pitch Deck Interest (PDI) metrics prompt hope for increased dealmaking in Q1, due to encouraging year-over-year (YoY) investor interest and founder activity. Despite market uncertainty, investor activity increased 1.7% quarter-over-quarter (QoQ), signaling encouraging progress into 2024. Conversely, founders were less active in sending out their pitch decks to investors in Q4, with activity dropping almost 6% QoQ. The YoY analysis shows a different, busier picture of Q4 for both investors and founders, as activity levels rose above 2022 for the first time. As investors' attention spans become scarce, founders are forced to streamline and condense their pitch decks to compete for seconds of mindshare. Year-to-date (YTD) data shows VC activity lagged in Q1 and Q2 of 2023, although the discrepancy includes efforts from 2021's strong finish that carried over into early 2022. Deal activity was down in 2023 as 38% of VCs disappeared from dealmaking in the first three quarters, according to Pitchbook. But Q4's 6.7% jump in investor engagement, per DocSend data, shows investors are increasingly interested in new opportunities to allocate capital, signaling a potential increase in dealmaking in early 2024. There are three core metrics unique to DocSend for tracking investors' hunger for deals and founders' quest for capital.
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Why Now?: Successful Founders Display Urgency Among Market Competition in DocSend's Annual Seed Report

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Dropbox DocSend (DBX) reveals data showing investors spending more time on competition and 'why now?' sections of seed decks despite 20% less time reviewing pitch decks YoY. Seed funding down 27% YoY in Q3 2023.
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Dropbox and NVIDIA Team to Bring Personalized Generative AI to Millions of Customers

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Dropbox (DBX) to Leverage NVIDIA’s AI Foundry to Enhance AI-Powered Knowledge Work with Dropbox Dash Universal Search Tool and Dropbox AI. The collaboration aims to expand AI functionality, improve search accuracy, organization, and simplify workflows for Dropbox customers. The partnership will utilize NVIDIA’s AI Foundation Models, AI Enterprise software, and accelerated computing to enhance AI-powered product experiences.
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Fivetran Helps Dropbox Discover Business Insights

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Dropbox, Inc. (DBX) selects Fivetran to improve customer experience and marketing insights, reducing data ingestion and reporting time from weeks to 30 minutes. Fivetran's platform enables faster, data-driven decisions, with Dropbox tapping Fivetran to replace a critical Zendesk data integration. The CX team turned on their first connector in less than 30 minutes, delivering time savings and allowing Dropbox to access new data quickly. Fivetran now regularly ingests data from LinkedIn, TikTok, Twitter, and Google Ads to provide the Dropbox marketing department a more complete picture of their return on ad spend.
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Dropbox Announces Fiscal 2023 Third Quarter Results

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Dropbox reports third quarter revenue of $633.0 million, up 7.1% YoY. Net cash provided by operating activities is $255.9 million and free cash flow is $246.5 million. Total ARR is $2.525 billion, up 3.8% YoY. Paying users increase to 18.17 million. GAAP net income is $114.1 million.
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Dropbox to Announce Third Quarter 2023 Earnings Results

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Dropbox, Inc. (NASDAQ: DBX) will report Q3 2023 financial results on November 2, 2023.
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Dropbox is Powering the Next Generation of Knowledge Work

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Dropbox announces Dropbox Dash in open beta, AI enhancements, redesigned web experience, and new plan lineup
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From Growth-At-All-Costs to Cost of Missing Out: DocSend Pre-Seed Report Shows Investor Shift to Long-Term Profitability and Risk Aversion

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Investors shift from rapid growth to long-term risk aversion in pre-seed investing, spending 11% less time reviewing pitch decks YoY. Successful founders focus on business model and traction. Investors place emphasis on product readiness and financials. Investor attention becomes scarcer, leading to longer fundraising timelines and smaller funding amounts on average.
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Dropbox Announces Fiscal 2023 Second Quarter Results

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Dropbox to Announce Second Quarter 2023 Earnings Results

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Dropbox, Inc. (NASDAQ: DBX) will report Q2 2023 financial results on August 3, 2023. A conference call will be held at 2:00 PM PT / 5:00 PM ET to discuss the results.
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FAQ

What is the current stock price of Dropbox (DBX)?

The current stock price of Dropbox (DBX) is $30.25 as of December 20, 2024.

What is the market cap of Dropbox (DBX)?

The market cap of Dropbox (DBX) is approximately 9.1B.

What is Dropbox, Inc.?

Dropbox, Inc. (NASDAQ: DBX) is a global leader in cloud storage and content collaboration tools, serving individuals and SMBs.

When was Dropbox founded?

Dropbox was founded in 2007.

What kind of products does Dropbox offer?

Dropbox offers cloud storage, file syncing solutions, and content collaboration tools. They have also acquired DocSend for secure document sharing.

How many users does Dropbox have?

Dropbox has over 700 million registered users across 180 countries.

Where is Dropbox's headquarters located?

Dropbox's headquarters are located in San Francisco, CA.

What recent achievements has Dropbox made?

Recently, Dropbox's subsidiary DocSend reported increased investor engagement in startup fundraising, showing positive momentum for deal-making in 2024.

What is DocSend?

DocSend is a secure document sharing platform acquired by Dropbox, enabling users to share business-critical documents with real-time feedback.

How can I learn more about careers at Dropbox?

You can learn more about career opportunities at Dropbox by visiting their LinkedIn page at www.linkedin.com/company/dropbox/careers.

What is Dropbox's mission?

Dropbox's mission is to design a more enlightened way of working, providing tools to keep life organized and work moving.

How does Dropbox support startup fundraising?

Dropbox, through its subsidiary DocSend, provides secure document sharing and real-time feedback tools, helping startup founders and investors streamline the fundraising process.

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Dropbox, Inc.

Nasdaq:DBX

DBX Rankings

#908 Ranked by Market Cap
N/A Ranked by Dividends

DBX Stock Data

9.05B
220.62M
4.55%
98.16%
5.52%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
SAN FRANCISCO