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.
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(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!