DROPBOX IPO FILING WARNS : We may never be profitable
Mike Blake/Reuters
- Dropbox on Friday filed to go public.
- The company has never made a profit and warned it may never, according to a filing.
Dropbox officially filed on Friday to go public on the Nasdaq exchange under the ticker 'DBX.'
It’s the first time the company has had to disclose its financial situation — and the details aren’t exactly pretty. The company lost $111.7 million in 2017 on revenues of $1.1 billion, and warned potential investors it may never be profitable.See the rest of the story at Business Insider
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SEE ALSO: Dropbox has filed for an IPO