Techmeme
February 23, 2018, 7:30 PM

Top News

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.
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: Fortune and CNBCTweets: @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.
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.
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.
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 …
Shirin Rajaee / CBS Sacramento:
Police say an Apple refurbishing center in Sacramento County has made ~1,600 accidental 911 calls since Oct. 2017; Apple says it's investigating  —  ELK GROVE (CBS13) - Emergency dispatchers in Elk Grove and Sacramento County are seeing an influx of false alarm 911 calls flooding their emergency communication centers.
Kim Zetter / New York Times:
How “hacker-proof” voting machines that are not connected to the internet can still be vulnerable due to remote access software and internal cellular modems  —  In 2011, the election board in Pennsylvania's Venango County — a largely rural county in the northwest part of the state …
Edward Taylor / Reuters:
BMW to recall 11,700 cars, says it installed wrong engine management software in some cars; move comes after reports of Volkswagen-like emissions manipulation  —  FRANKFURT (Reuters) - German carmaker BMW (BMWG.DE) said on Friday it would recall 11,700 cars to fix their engine management software …

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