[ad_1] “Our customers are turning to Dropbox for help with this transition to remote work,” CEO Drew Houston said in an interview with Bloomberg. “We’ve certainly seen record trial volumes, we’ve seen increases in direct purchases, we’ve seen increases in engagement.” While companies like Airbnb, Lyft and Uber are laying off thousands, Dropbox has slowed […]
Category: profit
Uber expects to be profitable by the end of 2020
[ad_1] In 2019, Uber lost a whopping $8.5 billion, though nearly half of that ($4.6 billion) includes stock-based compensation expenses related to the company’s IPO. Meanwhile, both trips and gross bookings increased by just over 30 percent compared to 2018, and the company’s revenue reached $14.1 billion. Uber expects earnings in the beginning of 2020 […]
LG vows to make its failing mobile unit profitable by the end of 2021
[ad_1] The CEO didn’t elaborate exactly how LG will expand its phone lineup, nor give any details on its proposed “wow factors,” but reiterated the company’s ambition to boost its competitiveness in an already saturated market. LG has faced its fair share of challenges in recent years. At the beginning of 2019 it reported an […]
GameStop to close over 200 stores
[ad_1] The company’s balance sheet has not looked healthy in recent times — its second quarter global sales decreased 14.3 percent, marking an adjusted net loss of $32 million. As such, GameStop CFO James Bell announced that up to 200 “underperforming” stores will be closed between now and the end of the year. In the […]