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Dropbox writes down real estate value in transition to remote working

Dropbox writes down real estate value in transition to remote working

3 years ago
Anonymous $rH7oE7DjRg

https://www.reuters.com/article/us-dropbox-results/dropbox-writes-down-real-estate-value-in-transition-to-remote-working-idUSKBN2AI2YD

Dropbox on Thursday posted a bigger fourth-quarter loss, hit by about $400 million of impairment charges on its real estate assets as the file hosting service transitions to a 'virtual first' working model and prepares to sublease parts of its offices.

Dropbox writes down real estate value in transition to remote working

Feb 18, 2021, 10:55pm UTC
https://www.reuters.com/article/us-dropbox-results/dropbox-writes-down-real-estate-value-in-transition-to-remote-working-idUSKBN2AI2YD >Dropbox on Thursday posted a bigger fourth-quarter loss, hit by about $400 million of impairment charges on its real estate assets as the file hosting service transitions to a 'virtual first' working model and prepares to sublease parts of its offices.