Institutional investors hold over 60% of the company's shares. Interesting facts about the #DBX (Dropbox Inc) For example, in January 2021, Dropbox announced a major workforce reduction, possibly linked to the COVID-19 pandemic, which made the stock decrease by 4.5%. Traders interested in the DBX stock should monitor the company's other decisions. Future acquisitions can be viewed as bullish factors for the DBX price. Since 2012, the company has made multiple acquisitions, including photo-sharing company Loom and document-sharing startup Hackpad, as well as an e-signature company HelloSign and a secure document sharing company DocSend. Similar news could negatively impact the DBX rate in the future. For example, in August 2016, email addresses and passwords for 68 million Dropbox accounts were published online, and in January 2017, Dropbox restored supposedly deleted files and folders in many user accounts which suggested that the deleted data was not fully deleted off the servers. Traders and investors should closely follow the latest Dropbox news, as it has experienced criticism because of multiple security breaches and privacy concerns. Other offerings of Dropbox, such as sharing and collaboration tools, meet competition as well. The price of DBX depends on many factors, among them the ongoing competition with Amazon, Microsoft, Google and Apple that are actively developing their cloud products. In 2018, Dropbox got listed on NASDAQ after its successful IPO. The concept behind Dropbox is that of cloud storage where files are brought together in one central place where members of a family or a work team can easily access them. Founded in 2007, it quickly became one of the most valuable startups in the world. It offers various cloud storage services for both personal and business use. Dropbox Inc is a cloud hosting company, headquartered in San Francisco, California, U.S.
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