Dropbox (DBX) Stock Trades Down, Here Is Why
Shares of cloud storage and e-signature company Dropbox (Nasdaq: DBX) fell 15.8% in the afternoon session after the company delivered disappointing fourth-quarter 2024 results as customer growth slowed to a crawl. Paying users remained roughly flat year on year but declined sequentially. Revenue edged up slightly from the prior year, with pricing adjustments and foreign currency fluctuations contributing to the sluggish growth. Margins were a mixed bag. While GAAP gross margin saw a slight uptic