Dropbox
File-sharing, collaboration and storage platform Dropbox was founded in 2007 and went public in March 2018. Its valuation at the time of its IPO was $9.2 billion, Crunchbase reported. As of September 2019, the company had reported quarterly losses of $17 million.
Why Dropbox Isn’t Profitable
Dropbox isn’t profitable yet — largely due to the marketing expenses needed to drive growth — but it could be soon. Industry analysts predict that 2020 will be the final year the company posts a loss before turning a profit of $35 million in 2021, Simply Wall St. reported.
