Press release
Investigation announced for Investor in shares of Dropbox, Inc. (NASDAQ: DBX)
An investigation for investors in Dropbox, Inc. (NASDAQ: DBX) shares over potential securities laws violations by Dropbox, Inc.
Investors who purchased shares of Dropbox, Inc. (NASDAQ: DBX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements by Dropbox, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based Dropbox, Inc. provides a collaboration platform worldwide. On or about March 23, 2018, Dropbox, Inc sold 36 million shares of stock in its initial public stock offering (the "IPO"), at $21.00 a share raising $756,000,000 in new capital.
Shares of Dropbox, Inc. (NASDAQ: DBX) reached as high as $40.08 per share in June 2018.
On February 21, 2019, Dropbox, Inc announced its fourth quarter and fiscal 2018 financial results. Dropbox, Inc. reported that its annual Total Revenue rose from over $1.1 billion in 2017 to over $1.39 billion in 2018 and that its Net Loss increased from $111.7 million in 2017 to $484.9 million in 2018.
On August 8, 2019, Dropbox, Inc reported second-quarter fiscal 2019 results. For the quarter, the Company reported revenue of $410.4 million below analysts' average estimate of $420.3 million. Following this news, Dropbox stock fell 12.8% on August 9, 2019.
Shares of Dropbox, Inc. (NASDAQ: DBX) declined to as low as $17.20 per share on August 15, 2019.
Those who purchased shares of Dropbox, Inc. (NASDAQ: DBX) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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