Dropbox launched Spaces 2.0, a newer version of the beta product launched last year. Dropbox Spaces will function as a combination of a place to host files, including Google Docs, and a collaboration platform that offers integration with programs like Google Calendar, Slack, and Zoom.
- The product also enables assigning/monitoring tasks, attaching relevant files, and a feed to monitor activities.
- In addition to setting up meetings, 30 apps (including Canva, Microsoft Office) are integrated.
- For Q3 2020, Dropbox reported revenue of $487m, up 14% YoY. The company's ARR stood at $1.98b, up 12% YoY. Dropbox's losses increased from $17m in Q3 2019 to $32m in Q3 2020. Its market cap stands at $7.7b, down 15% from its IPO price.