Dropbox share price falls after COO steps down

Jamie McKane

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Dropbox share price falls after COO steps down

Dropbox Inc. shares fell 8 percent in extended trading after the company said Chief Operating Officer Dennis Woodside is stepping down in September, overshadowing second-quarter sales and earnings that topped analysts’ estimates.

A four-year veteran of the company, Woodside had been instrumental in Dropbox’s initial public offering in March.

[Bloomberg]
 
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