Geopolitics Alpha

Dropbox to Cut About 6% of Global Workforce

Published . Updated .

GEOPOLITICS ALPHADropbox to Cut About 6% of GlobalWorkforceDBXGEOPOLITICS ALPHA

This report does not map to a usual set of affected companies.

Directly affected

  • DBX Dropbox+3.1% 15d

    Named in this report.

Indirectly affected

  • XLK Technology Select Sector SPDR+9.1% 16d

    Technology Select Sector SPDR holds the technology sector that Dropbox belongs to, so it often moves with news about it.

  • MSFT Microsoft+8.4% 30d

    Microsoft is a peer of Dropbox in prepackaged software; rivals often move on the same news.

  • PLTR Palantir Technologies+15.2% 30d

    Palantir Technologies is a peer of Dropbox in prepackaged software; rivals often move on the same news.

  • ORCL Oracle-8.8% 30d

    Oracle is a peer of Dropbox in prepackaged software; rivals often move on the same news.

  • CRWD CrowdStrike Holdings+20.0% 16d

    CrowdStrike Holdings is a peer of Dropbox in prepackaged software; rivals often move on the same news.

  • SHOP Shopify+27.7% 30d

    Shopify is a peer of Dropbox in prepackaged software; rivals often move on the same news.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
DBX-0.92%+2.45%base-0.77%after closeafter closeafter close
XLKNo price data for this ticker———————
MSFTNo price data for this ticker———————
PLTRNo price data for this ticker———————
ORCLNo price data for this ticker———————
CRWDNo price data for this ticker———————
SHOPNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Dropbox to Cut About 6% of Global Workforce WSJ

Source: The Wall Street Journal

This story

CompanyWhenMoveStatus
DBXthat day-0.77%still updating
DBXthree days earlier+2.45%final price
DBXfive days earlier-0.92%final price

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How solid “Dropbox to Cut About 6% of Global Workforce” looks

12 out of 100Price not final

“Dropbox to Cut About 6% of Global Workforce” scores 12 out of 100. The score uses 1 sources. The price is not final yet.