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Ouch, pretty dismal take on Dropbox. > they have never been profitable Technically true, but mostly b/c of stock comp. Free cash flow positive for quite awhil
by jamwt 7y ago
Ouch, pretty dismal take on Dropbox.
> they have never been profitable
Technically true, but mostly b/c of stock comp. Free cash flow positive for quite awhile:
https://www.macrotrends.net/stocks/charts/DBX/dropbox/free-cash-flow https://www.macrotrends.net/stocks/charts/DBX/dropbox/free-c...
Not exactly burning money. $1.2BN in cash holdings and growing, projected for an additional $1BN this year.
> have said in their own filings they don't know when or if they will ever be profitable
.. in 2017, and this is basically just boilerplate. Just about every company that goes public says this in their S-1 these days.
Now, 3 years later: https://www.fool.com/investing/2020/02/22/investors-cheer-dropboxs-shift-to-profitability.aspx https://www.fool.com/investing/2020/02/22/investors-cheer-dr...