Unpacking Dropbox's First Earnings Report

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).

More In Business

5% Interest Rates, 2% Inflation Might Be the New Normal

We've all heard that interest rates could stay 'higher for longer,' but what does that really mean? We had a professor at Georgetown break it down.

Suffering From Tip Fatigue? Us, Too. Tiphaus Wants To Help

Tipping expectations have increased. A 2023 survey revealed that approximately 72% feel they are now asked to tip service workers more often than before.

Big Business This Week: From Meme Stocks to Dead Lobster

Memes have the market in a tizzy; Red Lobster taken down by... shrimp?; and John Deere is strangling farmers.

The Dow Just Crossed 40,000 For the First Time: Is it a Big Deal?

Although the Dow's topping the 40,000 level is cause for celebration, it doesn't inherently mean much.

Find Out Which State Is Doing More to Attract Top Talent

Chief Growth Officer for Michigan joins Cheddar to discuss the state's initiative to attract Gen Z and top talent. Watch!

What Are Americans Buying? National Retail Federation Has the Receipts

Inflation-weary Americans are still spending money every month, but the April numbers show they’re starting to cut back on a few types of expensive purchases.

Trade In Your Cocktails For Mocktails. Sober Curiosity Is In

Lightspeed's data confirms that consumers are significantly reducing their alcohol consumption, with sales showing a decrease compared to last year.

Want A Better Deal On Your Next Car? Learn How To Negotiate For A Better Price

Negotiating a better price on a certified used vehicle should definitely be part of the buying process.

AI Funding Resilient in Q1 2024: $12.2B Invested Despite Fewer Mega-Rounds, Crunchbase Data Shows

In 2023, the AI sector saw significant growth in venture investment; however, concerns have risen about the sustainability of this growth.

Biden Administration Moving Ahead On $1 Billion Arms Sale to Israel

It’s the first arms shipment to Israel to be pushed forward since the administration put another arms transfer — consisting of 3,500 bombs — on hold.

Load More