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Dropbox lays off 20% of staff, says it overinvested and underperformed
(arstechnica.com)
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this post was submitted on 31 Oct 2024
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> Q3 2024 earnings report drops
> record profits
> CEO gets fat raise
Don't forget, from 2014 to 2021, they had George W Bush's Secretary of State Condoleezza Rice on their board of directors.
As soon as I read that, years ago, I thought "Well Dropbox. That was a very poor choice."
I haven't considered it since.
"You can use it with Dropbox!" they say.
Yeah, nah.
It’s a neat utility and all, or at least it was neat back when the cloud was novel. But I don’t understand how what’s basically a minor iCloud feature became a publicly traded company of gigantic size.
They were one of the first players, especially for business.