![]() ![]() Conceptīy making a unique folder on the user’s computer, organizes files into a single location. The number of users surpassed 50 million in October 2011, 100 million in November 2012, 500 million in 2016, and 700 million in 2021. It hit the one million mark for registered users in April 2009, then reached two and three million in September and November. ![]() User growthĪfter its launch, saw consistent user growth. The business announced its “virtual first” program in October 2020, which would transition it to a long-term remote working strategy and officially commence in April 2021. Remote workforceĭropbox was one of the first organizations to transition to a remote workforce at the onset of the Covid-19 epidemic in 2020. The company noted a slowdown in growth and a requirement for unique skill sets with an AI focus. Workforce reduction 2023ĬEO Houston said in April 2023 that 500 employees, or 16% of the present employment, would be laid off. In the same month, Dropbox declared it would move to remote work by subleasing a large portion of its office space. The software company also disclosed that COO Olivia Nottebohm would depart on February 5, 2021. The corporation claimed that in order to concentrate the company team structure and attention on top-level priorities, the reductions were required. Workforce reduction 2021ĬEO Houston said in January 2021 that 315 workers, or around 11% of the present staff, would be laid off. At an estimated $230 million, the transaction was said to be largest to date. Later, Dropbox revealed in April 2017 that Hackpad would be discontinued on July 19 and all notes would be transferred to Paper.ĭropbox purchased the electronic signature business HelloSign in January 2019. Bought Clementine, a business communication service, in July.ĭropbox purchased the photo-sharing business Loom in April 2014 (which would later close and be integrated with the just-announced Carousel) and the document-sharing start-up Hackpad. Dropbox acquired two companies the following December.Īudio galaxy, a startup that “allows users to store their music files and playlists in the cloud then stream them to any device,” and Snapjoy, a company that allowed users to “aggregate, archive, and view all of their digital photos from their cameras, phones, and popular apps like Flickr, Instagram, and Picasa, and then view them online or via an iOS app.” In July 2013, Dropbox purchased Endorse, a “mobile coupon startup.”ĭropbox purchased Bubbli in May 2014, a business that has “built some innovative ways of incorporating 3D technology into 2D views, and packaging it in a mobile app.”ĭropbox purchased CloudOn, a provider of mobile document creation and editing software, in January 2015.Īt the same time, informed TechCrunch that its Israeli office would open in Herzliya at CloudOn facility. Houston said of the competition, “It is easy for me to explain the idea, but it is actually really hard to do it.” Acquisitionsĭropbox purchased Tap Engage, a business that “allows advertisers and publishers to collaborate on tablet-optimized advertising,” in July 2012. Houston said that Arash Ferdowsi was one of the viewers of a demo video that was made available during the early days of Dropbox in an interview with TechCrunch’s “Founder Stories” in October 2011.įerdowsi was “so impressed” by them that they decided to work together. Prior to purchasing its current domain, “” in October 2009, official domain name was “” due to trademark conflicts between Proxy, Inc. At the annual technology conference TechCrunch Disrupt in 2008, was formally unveiled. Shortly after, he received startup money from Y Combinator. Historyĭrew Houston, the creator of Dropbox, had the idea for the service after frequently missing his USB flash drive while attending MIT.Īs the organization behind Dropbox, Houston formed Evenflow, Inc. China has barred access to Dropbox since 2014. Dropbox is file hosting service provided by Dropbox, that provides cloud storage, file synchronization, personal cloud, and client software.ĭrew Houston and Arash Ferdowsi, two MIT students, launched the startup business Dropbox in 2007 with funding from Y Combinator.ĭue to problems including security lapses and privacy concerns, Dropbox has drawn criticism and controversy. ![]()
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