The cloud-storage company beat Wall Street's expectations in its first earnings report as a public company. Dropbox generated $316 million in revenue in Q1, and paying users climbed to 11.5 million from 9.3 million in the same quarter last year. Now the company needs to show investors how it will get closer to profitability, says Jeff Tomasulo, CEO at Vespula Capital.
For the full interview, [click here](https://cheddar.com/videos/dropbox-beats-in-first-earnings-report-since-going-public).
The fast casual chain Chipotle is planning to hire 15,000 employees ahead of "burrito season," the company's busiest period from March to Cinco de Mayo.
Stocks climbed Thursday to send Wall Street to its highest level in nearly eight weeks following reports suggesting the economy and corporate profits may be doing better than feared.
Global smartphone shipments saw their largest-ever single decline in the fourth quarter of 2022, plunging 18.3 percent year-over-year, according to data from the International Data Corporation (IDC).
