![]() ![]() Non-GAAP net income was $67.4 million, as compared to $42.3 million in the same period last year. GAAP net loss was ($6.6) million, as compared to ($9.5) million in the same period last year. Non-GAAP operating margin was 15.6%, as compared to 11.0% in the same period last year. GAAP operating margin was (1.5%), as compared to (3.2%) in the same period last year. Non-GAAP gross margin was 77.6%, as compared to 75.7% in the same period last year. GAAP gross margin was 76.5%, as compared to 74.9% in the same period last year. Average revenue per paying user was $125.00, as compared to $119.61 for the same period last year. Paying users ended at 14.3 million, as compared to 12.7 million as of the end of the prior year. (1)Īnnual recurring revenue ended at $1.820 billion, an increase of 19% from the end of the prior year. On a constant currency basis, year-over-year growth would have been 20%. Total revenue was $446.0 million, an increase of 19% from the same period last year. Moving into 2020, I’m confident in the team we have on board and the opportunity ahead.” “We closed the year with more than $1.6 billion in revenue, over 450,000 Dropbox business teams, and millions of people using our new foreground app that keeps Dropbox at the center of our users' workflows. “Our strong Q4 marked the end of an exciting year for Dropbox as we launched our vision for the smart workspace,” said Dropbox Co-founder and Chief Executive Officer Drew Houston. (NASDAQ: DBX), the world's first smart workspace, today announced financial results for its fourth quarter and fiscal year ended December 31, 2019. The Board of Directors authorized Dropbox to repurchase up to $600 Million of its Class A shares Net Cash Provided by Operating Activities of $528.5 Million and Free Cash Flow of $392.4 Million Net Cash Provided by Operating Activities of $186.8 Million and Free Cash Flow of $161.3 Millionįiscal 2019 Revenue of $1.661 Billion, Up 19% Year-over-year Some have even offered to sell their cache via PayPal or Bitcoin payment.Ī Dropbox representative also expressed their concern regarding the issue and stated that they are working alongside Instagram and other sites to ensure the illicit content is taken down as soon as possible.Fourth Quarter Revenue of $446.0 Million, Up 19% Year-over-year Links in their bio suggest that many of them are attempting to move their operations to other platforms like Kik and WhatsApp. However, the accounts trading illegitimate images remain. Related: Cyber bullying on the rise as the use of social media increases (Infographic)Ī few days after the problem surfaced, the hashtags appear to be dead. This made it challenging for traders to find similar hashtags to swap links with. Unhappy with the response, the group who found the hashtag initially decided to take matters in their hands and flooded the same hashtag with thousands of new images. Unfortunately, many others remain and upon querying, Instagram claims that those accounts are not violating the platform’s terms of service. According to the reports, upon discovering the correct hashtags, users moved conversations to private messaging where they also swapped links of Dropbox folders that contained illicit imagery.īios on Instagram gave different messages including “young boys only” and “DM me for slaves.” However, all traders followed one specific rule – you send first.įor their part, Instagram confirmed the issue and said that they had restricted several of such hashtags. The transactions were uncovered when the hashtag #dropboxlinks and other variants of the same were found by a group of teenagers. In fact, our research found that finding images of sexually abused children is as easy as searching for a laptop on Craigslist. Sadly, these images are openly traded as if they were mere collectibles. ![]() For the pedophiles, all it takes is a single hashtag to open the door to one of Instagram’s seediest corners where images of sexually exploited children reside. ![]()
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