Categories LATEST, Technology

Dropbox tumbles on COO departure news

Investors sent Dropbox (DBX) shares down as much as 10% as it opened trading on Friday, concerned over the departure of COO Dennis Woodside. Along with its second-quarter earnings results on Thursday, the company had announced that Woodside, who has been with Dropbox since 2014, will be stepping down in September.

The stock had fallen almost 6% during late trading on Thursday following the announcement.

Before joining the file-hosting giant, Woodside has held executive positions at Motorola and Google (GOOGL).

Dropbox CEO Drew Houston said, “He’s helped transform Dropbox into a publicly-traded company with over $1 billion in annual revenue and 12 offices around the world. Dennis will always be part of the Dropbox family, and we wish him all the best.”

The company added that it does not intend to hire another COO, as two of the senior members would be promoted to take charge of Woodside’s duties.

Dropbox shares had gained 21% since its March IPO, before the announcement of the COO departure.

Related: Dropbox second-quarter results

Dropbox financial summary

Most Popular

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Walgreens Boots Alliance set to report earnings next week. Here’s what to expect

Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the drug store chain that is expanding into a diversified healthcare provider, is on a restructuring drive aimed at better aligning the business with

Comments

  1. Pingback: Leandro Farland
  2. Pingback: Khaled Azazy
  3. Pingback: fue university
  4. Pingback: MBA
  5. Pingback: grading system
  6. Pingback: Software Engineer
  7. Pingback: smart university
  8. Pingback: MSc in pharmacy
  9. Pingback: Grading Policy
  10. Pingback: tirage horizontal
  11. Pingback: cage mma
  12. Pingback: calisthenics
  13. Pingback: hip thrust machine
  14. Pingback: ikaria juice
  15. Pingback: Fiverr Earn
  16. Pingback: Fiverr Earn
  17. Pingback: Fiverr Earn
  18. Pingback: Fiverr Earn
  19. Pingback: Fiverr Earn
  20. Pingback: fiverrearn.com
  21. Pingback: TMS System
  22. Pingback: red boost buy
  23. Pingback: fiverrearn.com
  24. Pingback: clima para hoy
  25. Pingback: weather tomorrow
  26. Pingback: fiverrearn.com
  27. Pingback: french bulldog
  28. Pingback: designer dogs
  29. Pingback: aussie doodle
  30. Pingback: exotic bully
  31. Pingback: morkie poo
  32. Pingback: Seo marketing
  33. Pingback: isla mujeres
  34. Pingback: greek life jewelry
  35. Pingback: future university
  36. Pingback: future university
  37. Pingback: Fiverr.Com
  38. Pingback: FiverrEarn
  39. Pingback: future university
  40. Pingback: french bulldog
  41. Pingback: Warranty
  42. Pingback: Piano moving
  43. Pingback: Local movers
  44. Pingback: Smooth transitions
  45. Pingback: Packing expertise
  46. Pingback: Classic Books 500
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: Streamer
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: Sex Australia
  55. Pingback: partners
  56. Pingback: FiverrEarn
  57. Pingback: FiverrEarn
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: FiverrEarn
  61. Pingback: FiverrEarn
  62. Pingback: FiverrEarn
  63. Pingback: FiverrEarn
  64. Pingback: FiverrEarn
  65. Pingback: FiverrEarn
  66. Pingback: FiverrEarn
  67. Pingback: FiverrEarn
  68. Pingback: serialebi qaerulad
  69. Pingback: Organic
  70. Pingback: science
  71. Pingback: digital marketing
  72. Pingback: Kuliah Termurah
  73. Pingback: FiverrEarn
  74. Pingback: FiverrEarn
  75. Pingback: cheap sex cams
  76. Pingback: fullersears.com
  77. Pingback: live sex cams
  78. Pingback: live sex cams
  79. Pingback: rare breed-trigger
  80. Pingback: 늑대닷컴
  81. Pingback: Slot Olahraga
  82. Pingback: nangs near me
  83. Pingback: superslot
  84. Pingback: allgame
  85. Pingback: 918kiss
  86. Pingback: หวย24
  87. Pingback: Best toner
  88. Pingback: pg slot
  89. Pingback: upstate hotels
  90. Pingback: megagame
  91. Pingback: 3 408 cheytac

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top