23-02-2018 21:58 via feedproxy.google.com

DROPBOX IPO FILING WARNS : We may never be profitable

Dropbox on Friday filed to go public.
The company has never made a profit and warned it may never, according to a filing.Dropbox officially filed on Friday to go public on the Nasdaq exchange under the ticker 'DBX.'
It’s the first time the company has had to disclose its financial situation — and the details aren’t exactly pretty. The company lost $111.7 million in 2017 on revenues of $1.1 billion, and warned potential investors it may never be profitable.
"We have a history of
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