Techmeme
February 24, 2018, 6:15 PM

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 Insider
Tweets: @mjasay, @ywxwy, @pt, and @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:
Antonio García Martínez / Wired:
How the Trump campaign increased its Facebook ad purchasing power with provocative content and mastered ad tools like Custom Audiences and Lookalike Audiences  —  Why Russia's Facebook ads were less important to Trump's victory than his own Facebook ads.  —  IT'S NOT EVERY day that a former …
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.
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 …
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 …

Sponsor Posts

Microsoft:
Winning hackathon project now helping millions read and write  —  Teacher Merlyne Graves used to spend hours recording for her students who struggled with reading.  Not any more.
IBM:
IBM will give $200,000 to a team that can come up with a solution for natural disaster preparedness  —  Call for Code, The initiative for developers to use their mastery of the latest technologies, to build solutions that can change the world.
eero:
Another day, another cyber security threat. eero keeps your network protected.  —  VPNFilter is the latest router-based malware and is estimated to affect over 500,000 consumer routers.
Zoho:
It's go time for Go Zoho!  —  It's not often that you hear of a tech company taking a vintage Airstream trailer on the road to help users in their own neighborhood.  Then again, Zoho's no ordinary tech company.

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