Drew Houston

Money Moves

Leading Dropbox through its push into AI infrastructure

Dropbox signed a definitive agreement on November 3, 2026 to buy Tigris Data for about $350 million in cash. It announced the deal two days later alongside DBX Agent Cloud, a service that will sell object storage directly to businesses and developers building AI applications.

Updated 6 days ago

Money Moves

Stepped down as CEO in May 2026; Ashraf Alkarmi succeeded him

Dropbox told California regulators on October 28 that it will lay off 57 employees at its San Francisco headquarters, effective November 18. The same day, the company said it would eliminate about 200 roles worldwide, roughly 9% of its workforce.

Updated Nov 2