Dropbox crushes Wall Street expectations on earnings, but COO Dennis Woodside is stepping down

Dropbox crushes Wall Street expectations on earnings, but COO Dennis Woodside is stepping down

Dropbox shares fell Thursday following mixed news in its Q2 2018 earnings statement. The company reported a beat on both revenue and earnings per share in its second earnings report ever as a public company. But it also disclosed an unexpected executive departure: Chief Operating Officer Dennis Woodside, long considered a key lieutenant to CEO…

Dropbox just beat Wall Street targets for its first earnings report as a public company but the stock is slipping

Dropbox just beat Wall Street targets for its first earnings report as a public company but the stock is slipping

Dropbox beat Wall Street’s Q1 targets and gave a better-than-expected business forecast on Thursday in its first quarterly report card as a public company. But with investors having already bid up the stock sharply in the first few weeks since its IPO, shares of Dropbox slipped slightly after the „beat-and-raise” report. The cloud storage company’s…

Dropbox CEO Drew Houston made $110 million in 2017 — and is on track to be Silicon Valley’s newest billionaire after the IPO

Dropbox CEO Drew Houston made $110 million in 2017 — and is on track to be Silicon Valley’s newest billionaire after the IPO

Drew Houston, founder and chief executive officer of Dropbox, attends the annual Allen & Company Sun Valley Conference, July 8, 2016 in Sun Valley, Idaho. Drew Angerer/Getty Images Dropbox filed to go public on Friday, revealing CEO Drew Houston’s salary for the first time. Houston took home about $110 million in cash and stock in…