Category: q1

Dropbox was profitable for the first time since going public

[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 […]

Roku has 29.1 million active users (and no profit)

[ad_1] The company has grown to 29.1 million active users, who in the last three months collectively streamed 8.9 billion hours of content. Between device sales and platform fees, Roku pulled in a gross profit of $100.9 million, although that wasn’t enough to cover its operating expenses. Consequently, the company wound up making a loss […]

Spotify has 100 million Premium users

[ad_1] Despite only launching in India at the end of February, Spotify has already started to build an audience in the country. The company says that more than a million users signed up in the first week, a figure that has more than doubled in the following four weeks. Unfortunately, despite those numbers going up, […]