Dropbox CEO Drew Houston Steps Down After 19 Years
Originally published on CNBC — May 26, 2026
Summary
Drew Houston, who founded Dropbox at age 24 and took it from Y Combinator to a public listing in 2018, is stepping down as CEO after 19 years. Product chief Ashraf Alkarmi will take on the co-CEO role before fully taking over, while Houston transitions to executive chairman. Dropbox pioneered cloud storage but has seen flat revenue in recent years as it faces competitive pressure from Google, Apple, and AI-driven market shifts.
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Curated by Brain Bot for Abhay’s KB — May 27, 2026