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Why Dropbox Stock Fell Friday

TheMotleyFool

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Why Dropbox Stock Fell FridayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Shares of cloud storage specialist Dropbox (NASDAQ: DBX) took a hit on Friday, falling as much as 14.3%. By the time the market closed, the stock was down 12.8%

The stock's decline follows Dropbox's second-quarter update after market close on Thursday. Underwhelming deferred revenue and billings may be reasons for the stock's decline, but shares have also been generally trending downward anyway in recent weeks; this means today's loss may also simply be -- at least in part -- an extension of this recent downward trend.

Image source: Getty Images.

Source Fool.com

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