Aaron Levie, the chief executive of Box, the fast growing online file sharing company that aims to go public next year, said he’s in no race to beat competitor Dropbox to an initial public offering.

We are transferring coverage of file sync and share and content management providers Dropbox and Box. Both were pioneers in FSS, but as the market commoditized, they moved toward content management.

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Dropbox shares are down around 15% since reporting Q4'24, guiding for revenue and user decline in 2025. The core business looks to be deteriorating with a vulnerable 80% gross margin and increased ...