Techmeme
February 24, 2018, 2:40 AM

Top News

Anita Balakrishnan / CNBC:
Dropbox files for an IPO, says its 2017 revenues were $1.11B, up 31% YoY, losses were $111.7M, down from $210.2M in 2016; Dropbox now has 500M registered users  —  Cloud storage company Dropbox filed to raise $500 million in a public offering on Friday, giving investors a first look at the books …
Tom Krazit / GeekWire:
Dropbox has saved almost $75M since 2015 by moving from AWS to custom-designed infrastructure and software  —  After making the decision to roll its own infrastructure and reduce its dependence on Amazon Web Services, Dropbox reduced its operating costs by $74.6 million over the next two years …
More: CNBC and Business InsiderTweets: @alistairmbarrThanks:@toddbishop
Ari Levy / CNBC:
Top five Dropbox shareholders: Drew Houston holds 25.3% stake, Sequoia has 23.2%, Arash Ferdowsi has 10.3%, Accel has 5%, and T. Rowe Price has 3.5%  —  - CEO Drew Houston and venture firm Sequoia Capital each own more than a 20 percent stake in Dropbox.  —  Dropbox has taken a very unconventional route to an IPO.
Bloomberg:
Dropbox gave 3 top execs stock worth $190M in 2017: CEO Drew Houston got $109.6M, co-founder Arash Ferdowsi got $46.7M, engineering VP Quentin Clark got $34.1M  —  Dropbox Inc. granted about $190 million in stock awards to three top executives last year as the file-sharing company prepared for an initial public offering.
U.S. Securities and Exchange Commission:
Dropbox, Inc. S-1 SEC filing for IPO  —  This is an initial public offering of shares of Class A common stock of Dropbox, Inc. Dropbox, Inc. is offering to sell shares of Class A common stock in this offering.  The selling stockholders identified in this prospectus are offering to sell an additional shares of Class A common stock.
Emil Protalinski / VentureBeat:
Google launches ARCore out of preview, says it works on 13 Android phone models, 100M devices, will expand Google Lens to iOS and more Android smartphones  —  Ahead of Mobile World Congress 2018 in Barcelona, Google today launched ARCore 1.0, letting developers create AR experiences on Android.
Abner Li / 9to5Google:
Google Assistant will gain multilingual support, first for English, French, and German and will be available in 30+ languages this year  —  As teased yesterday by Hiroshi Lockheimer's MWC 2018 post, Google is heading into the mobile trade show with a number of Assistant announcements.
Kerry Flynn / Mashable:
Facebook removes a demo of a VR shooting game called Bullet Train at the 2018 Conservative Political Action Conference out of respect for Parkland victims  —  Facebook pulled a demo of Bullet Train, a virtual reality game that lets players use an imaginary gun to pretend shoot people in a train station …
Vlad Savov / The Verge:
What to expect at MWC 2018: Samsung Galaxy S9 and S9+, new flagships from Sony and Nokia, iPhone X notch lookalikes, and further decline of headphone jack  —  Welcome to the Samsung show  —  The world's biggest mobile technology event is upon us.  This coming week's Mobile World Congress …
Paul P. Murphy / CNN:
YouTube removed Infowars video from The Alex Jones Channel claiming Florida student was paid actor; source: first of 3 strikes before YouTube terminates account  —  Shooting survivor: I'm not a crisis actor  —  (CNN)InfoWars, a far-right media organization run by Alex Jones and known …
Janko Roettgers / Variety:
Twitter's annual report says it has written off $66.4M of its investments in private firms, most likely related to rumored $70M investment in SoundCloud in 2016  —  Twitter's lost almost all of the money it had invested in SoundCloud, the company disclosed as part of its 2017 annual report Friday.

Sponsor Posts

HERE Technologies:
How HERE Technologies guides today and tomorrow's vehicle systems  —  Today, our standard and HD mapping platform powers the most advanced connected car services, and is core technology in all levels of vehicle automation.
Smartsheet:
How I managed one of the largest supply chain mergers in US history  —  The merger of Office Depot and OfficeMax presented major challenges.  Read this firsthand account how how it was managed.
Zoho:
Zoho Academy Wants to Help You Get Your Ecommerce Site Up and Running  —  Last week, Zoho launched its newest product, Commerce Plus: an ecommerce platform that draws on the integrated strengths …
Freshdesk:
Your Customers are Omnichannel, You Should Be Too  —  With Freshdesk Omnichannel Customer Support tool, find out how you can seamlessly support your customers across channels including phone, email, chat and social media.
Google Cloud:
What does the future of cloud computing hold  —  and what does this mean for businesses?  We looked at the data, talked to luminaries, and listened to customers across the world.  Here's what they said.

Listen to Techmeme's Podcast:

Techmeme Ride Home: Thu. 04/18 - Why The Galaxy Folds Are Breaking Subscribe via Apple Podcasts, Google Play, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:40 AM ET, February 24, 2018.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Dan Strumpf / Wall Street Journal:
Kim Zetter / New York Times:
Shirin Rajaee / CBS Sacramento: