The latest trading day saw Dropbox (DBX) settling at $26.41, representing a -3.26% change from its previous close.
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Dropbox CEO Drew Houston plans to step down as CEO after 19 years in the role. Houston named Ashraf Alkarmi as his co-CEO and eventual successor in a memo to employees on Tuesday.
Apple's Tim Cook isn't the only well-known tech CEO stepping away from the chief executive role this year. Now, Dropbox, Inc. (Nasdaq: DBX) founder and CEO Drew Houston has announced he, too, is departing the company he is synonymous with.
Dropbox Chief Executive Andrew Houston will step down from his role after 19 years at the head of the company and become executive chairman.
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Many companies ended remote work arrangements that began during the coronavirus pandemic despite resistance from employees who grew accustomed to working from home.
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Dropbox's Q1'26 EPS beat estimates as paying users rise unexpectedly; Dash in Dropbox shows repeat AI engagement, and revenue outlook moved higher.