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Dropbox Shares Leap in I.P.O., and Silicon Valley Smiles
Dropbox, the file-sharing company and Silicon Valley darling, had a strong market debut Friday, a reassuring sign for the technology industry and for the investors who have billions locked up in other highly valued but privately held start-ups.
Shares of San Francisco-based Dropbox soared above $30 shortly after trading in the stock opened Friday morning. That was 45 percent higher than the $21-per-share price at which the company sold 36 million shares on Thursday night. The initial public offering valued Dropbox at $9.2 billion.
[...] Founded in 2007 by two Massachusetts Institute of Technology computer science students, Drew Houston and Arash Ferdowsi, Dropbox has never turned an annual profit, despite strong sales growth.
Also at Bloomberg, TechCrunch, and CNBC.
(Score: 0) by Anonymous Coward on Tuesday March 27 2018, @03:15AM (3 children)
Capitalism (which implies anarchy) does not imply a lack of order—quite the contrary in fact.
You can have either rulers or rules, but not both.
(Score: 2) by dry on Tuesday March 27 2018, @04:52AM (2 children)
Capitalism rewards the most efficient and it is more efficient to change the rules to favour one self then to compete with a better product.
(Score: 0) by Anonymous Coward on Wednesday March 28 2018, @07:05PM (1 child)
Clearly, the Soviet Union did not follow Capitalism; clearly, you don't understand Capitalism.
(Score: 2) by realDonaldTrump on Friday April 06 2018, @10:29AM
Let me tell you, I went to Moscow in 1987. I met so many Politburo guys. One thing led to another, and we got to talking about building a large luxury hotel across the street from the Kremlin. And President Gorbachev said he'd meet me in Manhattan. That he'd bring Raisa and we'd have a very nice dinner. But he didn't show up. Woody Allen says 80% of success is showing up. That is so true. And that's why Gorbachev FAILED very badly!