| 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 … | 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: |
| 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.| 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.| 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 … | 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.| 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.
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| Emil Protalinski / VentureBeat: |