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February 24, 2018, 3:55 PM
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memeorandum
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| 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 …
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CNBC and Business Insider
| 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.
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CNET, SEEING BOTH SIDES, Fortune, SlashGear, Business Insider, Crunchbase News, Reuters, Silicon Valley Business …, TechCrunch, New York Times, The Register, Quartz, Recode, Wall Street Journal, VentureBeat, ZDNet, Mashable, Gizmodo, CNNMoney, 9to5Mac, and Seeking Alpha
Tweets: @robertklep, @berkun, @jdmullin, @mekosoff, @eringriffith, @pacificleo, @zck, @levie, and @ataussig
| Christian de Looper / Digital Trends: |
HTC announces U.S. layoffs as smartphone and VR divisions merge — It looks like HTC's smartphone business may be shifting away from the U.S. Last week Chailin Chang, HTC's president of smartphone and connected devices, announced his resignation from the company.
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The Verge, Gizmochina, TalkAndroid.com, MSPoweruser, Engadget, Phandroid, Android Central, Droid Life, and 9to5Google. Thanks:@smashdawg
| Kerry Flynn / Mashable: |
Facebook removes a VR shooting game called Bullet Train from the Oculus Rift demo at CPAC out of respect for the 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, at the 2018 Conservative Political Action Conference.
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VRFocus, USA Today, CNET, Washington Post, Engadget, Newser, Business Insider, The Guardian, Axios, BBC, The Hill, and CNBC
Tweets: @kira_lerner, @snmrrw, @shiraovide, @raju, @justinhendrix, and @sg
| Evelyn Cheng / CNBC: |
Bernstein analysts estimate that Bitmain made between $3B and $4B in operating profit in 2017 by selling bitcoin miners and mining cryptocurrencies — - Based on conservative estimates of gross margin of 75 percent and operating margin of 65 percent, Bernstein analysts calculate …
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Fortune, Cøbra, NewsBTC, Bitsonline, and Cointelegraph.com News
Tweets: @mdudas, @peterktodd, @aparanjape, @pressed250, @pressed250, @pressed250, @pressed250, @tusharjain_, and @nathanielpopper
| Stephen Nellis / Reuters: |
To comply with local laws, Apple will next week store keys to Chinese users' iCloud accounts in China, giving Chinese authorities easier access to user data — SAN FRANCISCO/BEIJING (Reuters) - When Apple Inc begins hosting Chinese users' iCloud accounts in a new Chinese data center at the end … | Kai Sedgwick / Bitcoin News: |
Analysis: out of 902 ICOs listed on Tokendata.io last year, 531 projects that raised a total of $233M in 2017 have either already failed or are dormant online — It has always been assumed that a large number of ICOs will fail, be it at the fundraising stage or when it comes to delivering the actual project.| BuzzFeed: |
Twitter is investigating how cryptocurrency scammers changed handles on verified accounts and kept verified badges to trick users into giving away funds — This is the Twitter account for Tron Foundation, the organization behind a cryptocurrency that has a current valuation of $2.8 billion.
Tweets: @laurashin, @cwarzel, @buzzfeednews, @cwarzel, and @rmac18
| 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
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