4 ms·
They are losing tons of customers each quarter.
by bionsystem 1y ago
They are losing tons of customers each quarter.
- bayindirh 1y agoSource?
- bionsystem 1y agoTheir quarterly reports.
- bayindirh 1y agoLet's look at them. Their presentations [0] are giving us "paid users": - Q1-2024: 18.16M - Q2-2024: 18.22M - Q3-2024: 18.24M - Q4-2024: 18.22M - Q1-2025: 18.16M - Q2-2025: 18.13M This doesn't look like they're bleeding users, but of course you might think differently. It looks likes a couple of big companies changed vendors, that's all. Oh maybe, what we see is the effects of the election, which is also plausible. [0]: https://investors.dropbox.com/financial-information/earnings-reports https://investors.dropbox.com/financial-information/earnings...
- bionsystem 1y agoSorry, "tons of" was an overstatement, but still they've been losing customers overall (and revenue, although they manage to grow earnings through price increases).