Techmeme
February 24, 2018, 2:20 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.

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