Dropbox slides after reporting slowest user growth since IPO

By Neha Malara (Reuters) - File sharing company Dropbox Inc reported its slowest growth in paid users since going public last year and fell short of expectations for a quarterly revenue metric that indicates future growth, sending its shares down 5% on Thursday. Dropbox's paid user growth has been slowing despite its try-to-buy freemium offer, causing investors to worry about its ability to convert free users into paying ones. The company's deferred revenue, which measures future business for subscription-based software vendors, rose 6.7% to$517.3 million, but was below estimates of $528.2 million, according to three analysts polled by Refinitiv.

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