DropBox Inc (DBX) Sector
Information Technology

(Current) $24.01
0.52 (2.21%) Open Price: 24.00

 

Dropbox Inc. is a cloud-based file storage and collaboration platform. It was founded in 2007 by Drew Houston and Arash Ferdowsi. Dropbox allows users to store and share files online, as well as access them from any device with internet access. The company offers both free and paid versions of its service.

 

Dropbox was initially created as a solution to a common problem Houston faced: he kept forgetting his USB flash drive at home. He came up with the idea of a cloud-based file storage service that would allow users to easily access and share files from anywhere. He founded Dropbox with Ferdowsi shortly thereafter, and the company has grown steadily ever since.

 

Dropbox offers a range of features, including file synchronization, file sharing, and collaboration tools. Users can easily share files with others, and the service also offers version control, allowing users to track changes to their files over time. Dropbox also offers a number of third-party integrations, allowing users to connect the service to other applications and services they use.

 

In recent years, Dropbox has expanded beyond its core file storage and sharing services. The company has launched a number of additional products, including Dropbox Paper, a collaborative document editing platform, and Dropbox Showcase, a tool for creating custom branded pages to showcase and share files with others. Dropbox has also made a number of strategic acquisitions, including HelloSign, a digital signature platform.

 

As of 2021, Dropbox has over 700 million registered users and serves businesses and individuals in over 180 countries around the world. The company is headquartered in San Francisco, California, and has offices in several other locations around the world. While Dropbox faces competition from a number of other cloud-based storage and collaboration platforms, it remains one of the most widely used and recognizable services in its market.

 



 

(02/23/24) $24.00
(02/26/24) $23.49
(02/26/24) (Qty.)4,455,774
(02/23/24) $23.42
(02/23/24) $24.10
(03/12/23) $18.71
(02/04/24) $33.43
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