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February 24, 2018, 2:40 AM
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memeorandum
WeSmirchTop 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 …
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Fortune, Axios, TechCrunch, Business Insider, Barron's Online, Engadget, GeekWire, Bloomberg, The Verge, and iPhone in Canada Blog
Tweets: @belril, @sai, @ericnewcomer, @imkialikethecar, @markets, @shiraovide, @scottmaustin, @mattrosoff, @ericnewcomer, @ericnewcomer, @dinabass, and @chris_ciaccia
| 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 … | 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.
More:
Business Insider and MacDailyNews
| 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.
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Business Insider
| 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.
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The Keyword, Thurrott.com, 9to5Mac, Firstpost, The Tech Report, TechCrunch, The Mac Observer, Digital Trends, Geekologie, Ubergizmo, Engadget, iDownloadBlog.com, Mashable, TechCrunch, Variety, BGR, iPhone in Canada Blog, Releases, The Verge, The Verge, Pocket-lint, TechCrunch, and Cult of Mac
Tweets: @karanganesan, @jonwiley, and @lucasmtny
| 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 …
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USA Today, The Guardian, CNET, Washington Post, Business Insider, Engadget, BBC, The Hill, CNBC, Newser, and Axios
| 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 …
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VentureBeat, Android Authority, Phandroid, Neowin, Softpedia News, BGR, Droid Life, Android and Me, Gizmochina, PhoneDog.com, Quartz, Android Authority, PC Magazine, Expert Reviews, GSMArena.com, TechRadar.com, Trusted Reviews, USA Today, Mashable, CNBC, Engadget, PhoneArena, TechRadar.com, Android Central, Digital Trends, and The Next Web
| 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 …
More:
Mashable, Engadget, The Hill, and The Next Web
Tweets: @cwarzel, @brendannyhan, and @ericboehlert
| 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.
More:
Twitter Inc.
| BuzzFeed: |
Twitter investigates how cryptocurrency scammers changed handles on verified accounts and kept verified badges to trick users to send funds to scammer wallets — This is the Twitter account for Tron Foundation, the organization behind a cryptocurrency that has a current valuation of $2.8 billion.
Tweets: @cwarzel, @cwarzel, @rmac18, and @buzzfeednews
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