What is Salesforce doing with Dropbox stock?
Salesforce Ventures, the cloud computing company's in-house venture capital arm, will buy $100 million worth of Dropbox stock through a private placement tied to the upcoming Dropbox initial public offering, it was announced on Monday.
Can Dropbox acquire 44 million users?
Doing the math: the stock price implies Dropbox can acquire 44 million paying users, equal to 30% of Amazon Prime members and 22% of Microsoft Office 365 subscribers While Dropbox has grown revenue from $845 million in 2016 to $1.8 billion TTM, the firm’s year-over-year (YoY) revenue growth rate has fallen from 40% to 18%.
How much did it cost Dropbox to buy mailbox?
"Dropbox reportedly paid around $100 million for Mailbox". The Verge. Vox Media. Retrieved February 8, 2017. ^ Tsotsis, Alexia (March 15, 2013). "Mailbox Cost Dropbox Around $100 Million". TechCrunch. AOL. Retrieved February 8, 2017. ^ a b Houston, Drew; Ferdowsi, Arash (December 7, 2015). "Saying goodbye to Carousel and Mailbox". Dropbox Blog.
What chat app did Salesforce acquire for $27 billion?
^ "Salesforce is acquiring workplace chat app Slack for $27.7 billion". The verge.com. Retrieved December 1, 2020. ^ Lawler, Richard (July 21, 2021).
Is Zoom owned by Salesforce?
Salesforce bought Zoom shares in its IPO last year and held them as the stock rallied. The only equity stake Salesforce had at the end of the second quarter was SurveyMonkey, though it's a small fraction of its original holdings.
Is Dropbox a growing company?
Looking for sustainable growth In the fourth quarter of 2021, Dropbox reported revenues of $565.5 million, up 12.2% from the year-ago period. For the full year, Dropbox did even better, posting 12.7% growth as it reached some $2.158 billion in revenue for the year.
How much did Zoom investors make?
Net Income and Diluted Net Income Per Share: GAAP net income attributable to common stockholders for the first quarter was $113.6 million , or $0.37 per share, compared to GAAP net income attributable to common stockholders of $227.4 million , or $0.74 per share in the first quarter of fiscal year 2022.
Is Dropbox worth investing in?
Solid Q4 earnings In the fourth quarter, Dropbox's revenue grew 12.2% year over year to $565.5 million. While not in hypergrowth mode, the company has been able to steadily expand its annual recurring revenue (ARR) over the past few years. At the end of 2021, ARR stood at $2.26 billion, up 24% from the end of 2019.
Does Dropbox make a profit?
The results were better than hoped for, with Wall Street analysts looking for earnings of 37 cents per share on revenue of $557.7 million. For its full fiscal 2021 year, Dropbox reported a net income of $335.8 million on revenue of $2.16 billion.
Who uses Dropbox the most?
We have data on 21,889 companies that use Dropbox. The companies using Dropbox are most often found in United States and in the Computer Software industry. Dropbox is most often used by companies with 10-50 employees and 1M-10M dollars in revenue....Who uses Dropbox?CompanyMWW Group LLCCompany Size1-1022 more rows
Is Tesla a buy?
Tesla stock has had a tough 2022, but now UBS has upgraded shares to Buy from Neutral while keeping its price target unchanged at $1,100.
Is Zoom still growing?
The video conferencing software company's revenue rose 21% year-over-year to $1.07 billion, beating analysts' estimates by $30 million. Its adjusted net income grew 8% to $394 million, or $1.29 per share, which also exceeded analysts' expectations by $0.22.
How is Zoom doing financially?
“In fiscal year 2022, we delivered strong results with total revenue of more than $4 billion growing 55% year over year along with increased profitability and operating cash flow growth as our global customer base continued to grow and find new use cases for our broadening communications platform,” said Zoom founder ...
Is Dropbox undervalued?
Enterprise Value is likely to drop to about 11.4 B in 2022. Dropbox shows a prevailing Real Value of $27.0 per share. The current price of the firm is $21.13. At this time, the firm appears to be undervalued....USD 21.13 0.24 1.15%LowEstimated ValueHigh18.5421.1723.80
Is Dropbox losing market share?
Market Share Remains Robust Despite worries that newer competition might crush Dropbox, Dropbox remains the second most used SaaS cloud solution with 21% of the market share in 2021 according to Datanyze, trailing behind Google Drive with 35% of the market.
Does Dropbox have a moat?
Dropbox doesn't have any competitive moat to speak of, and there are numerous capable players operating in its niche, including Alphabet (GOOGL -3.20%) (GOOG -3.04%), Amazon (AMZN -5.60%), and Microsoft (MSFT -4.46%).
How much did Salesforce invest in 2018?
Analysts familiar with Salesforce said the investment size is unusual for the company, which invested $216.4 million in total across its entire fiscal 2018 year, which ended on January 31.
Is Dropbox part of Salesforce?
Despite being in an official quiet period when it comes to discussing its IPO, Dropbox announced expanded product integrations with Salesforce last week, and product integrations are a core part of Salesforce Venture's investment strategy across early-to-late stage startups.
How much did Salesforce invest in Dropbox?
Salesforce swooped in just before Dropbox's March IPO to make a $100 million investment — one of its largest strategic investments at the time. Before that, Salesforce had previously invested $5 million into the file-sharing and collaboration-software company.
How much does Salesforce own SurveyMonkey?
Salesforce owns 3,464,912 shares in SurveyMonkey, an online survey-software company that went public in September 2018. Altogether, that investment was worth $42 million, as of February. That makes SurveyMonkey Salesforce's fifth-largest public investment.
Dropbox Integration Guide: Collaborate in Real Time with Salesforce Essentials
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Third-Party Integrations
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How much is Dropbox worth in 2020?
Though Dropbox's worth hit $12 billion in the fall of 2018, as of July 26, 2020, Dropbox has a market cap of approximately $8.82 billion.
What is Dropbox software?
The company specializes in cloud-based storage, synchronization, and personal cloud and client software. Essentially, Dropbox allows users to create unique folders on their personal computers; the software then saves and syncs those folders to the cloud (rather than taking up storage space on a computer), where the users can view ...
How much revenue does Salesforce have in 2019?
For the fiscal year 2019, Salesforce reported revenue of US$13.28 billion, an increase of 26% year-over-year and 26% in constant currency. The CRM giant reported subscription and support revenues of US$12.41 billion, an increase of 27% year-over-year.
Why did Salesforce reject donations?
The not-for-profit organization Refugee and Immigrant Center for Education and Legal Services (RAICES) rejected a US$250,000 philanthropic donation from Salesforce because the company has contracts with U.S. Customs and Border Protection. The executive director of Raices, Jonathan Ryan, tweeted that "When it comes to supporting oppressive, inhumane, and illegal policies, we want to be clear: the only right action is to stop" in reference to the rejected donation. Salesforce CEO Marc Benioff responded in an official statement that the company's employees "don't work with CBP regarding separation of families. CBP is a customer & follows our TOS. We don't have an agreement with ICE. I'm Proud of the Men & Women who protect & serve our country every day & I'm Proud of our Ohana ."
What are the tabs in Salesforce?
Salesforce users can configure their CRM application. In the system, there are tabs such as "Contacts," "Reports," and "Accounts." Each tab contains associated information. Configuration can be done on each tab by adding user-defined custom fields.
When did Salesforce buy Slack?
On December 1, 2020, it was announced that Salesforce would acquire Slack for $27.7 billion. In February 2021, Salesforce announced that CFO Mark Hawkins would be retiring from his position after six years of working for the company, retaining however a position as CFO emeritus until October.
Is Salesforce a tax avoidance company?
Tax avoidance. In December 2019, the Institute on Taxation and Economic Policy found that Salesforce was one of 91 companies who "paid an effective federal tax rate of 0% or less" in 2018, as a result of the Tax Cuts and Jobs Act of 2017.
Does Salesforce use Solaris?
The company uses the Momentum platform from Message Systems to allow its customers to send large amounts of email.
Who owns Desk.com?
Desk.com is owned by Salesforce.com and was previously known as Assistly. Desk.com is headquartered in San Francisco, California . After being acquired by Salesforce.com for $50 million in 2011 Assistly was re-branded as Desk.com in 2012 as a customer support software. Desk.com is a SaaS customer service application.
Concept
Dropbox brings files together in one central place by creating a special folder on the user's computer. The contents of these folders are synchronized to Dropbox's servers and to other computers and devices where the user has installed Dropbox, keeping the same files up-to-date on all devices.
History
Dropbox founder Drew Houston conceived the Dropbox concept after repeatedly forgetting his USB flash drive while he was a student at MIT. In a 2009 "Meet the Team" post on the Dropbox blog, he wrote that existing services at the time "suffered problems with Internet latency, large files, bugs, or just made me think too much".
Platforms
Dropbox has computer apps for Microsoft Windows, Apple macOS, and Linux computers, and mobile apps for iOS, Android, and Windows Phone smartphones and tablets. It also offers a website interface. As part of its partnership with Microsoft, Dropbox announced a universal Windows 10 app in January 2016.
Financials
Dropbox received initial funding from seed accelerator Y Combinator.
Business model
Dropbox uses a freemium business model, where users are offered a free account with a set storage size, with paid subscriptions available that offer more capacity and additional features. Accordingly, Dropbox's revenue is a product of how many users they can convert to their paid services.
Technology
The Dropbox software enables users to drop any file into a designated folder. The file is then automatically uploaded to Dropbox's cloud-based service and made available to any other of the user's computers and devices that also have the Dropbox software installed, keeping the file up-to-date on all systems.
Mailbox
In March 2013, Dropbox acquired Mailbox, a popular email app, with Mailbox CEO Gentry Underwood saying that "Rather than grow Mailbox on our own, we've decided to join forces with Dropbox and build it out together". Under the deal, the developers of Mailbox joined Dropbox, but kept Mailbox running as a stand-alone app.
