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About that Dropbox markdown, I'm not sure if that's news, GSV capital has been marking down their dropbox position for months now. According to their SEC filing
by tristanj 11y ago
About that Dropbox markdown, I'm not sure if that's news, GSV capital has been marking down their dropbox position for months now. According to their SEC filings (ticker GSVC), these are the estimated share prices for Dropbox common stock over the past year.
June 30, 2015 - $22.88 per common share
September 30, 2015 - $19.06 per common share
December 31, 2015 - $16.94 per common share
Q1 2016 data not released yet
That's a 25% markdown over the last six months of 2015. Seeing how many other tech stocks have fallen a lot lately (LinkedIn, Yelp, Twitter, GoPro), another Dropbox markdown isn't that surprising.
- deleted 11y ago[deleted]
- scurvy 11y agoI think you meant to type "money losing tech stocks" instead to find just "tech stocks." Profitable tech stocks are doing quite well. The ones you mentioned largely lose money or have drastically cut forecasts.