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Dropbox (DBX) stock closed down 1.07% to $27.66, underperforming major indices as investors anticipate a 9.59% year-over-year decline in quarterly earnings.
Dropbox has appointed Ross Tennenbaum as its new Chief Financial Officer, replacing the long-serving Timothy Regan. The move is a deliberate strategy to accelerate the company's efforts to monetize its investments in artificial intelligence and reflects a broader industry trend of leadership changes aimed at navigating the AI transition.