Dropbox CEO Drew Houston to step down (240↑)
Consumer
Dropbox CEO Drew Houston is stepping down, transitioning to Executive Chairman, with Ashraf Alkarmi taking over as CEO. The leadership transition compounds existing bearish pressure — insiders dumped 12 times in 30 days, sell-side is split 7H/7S/1SS, and DBX is already down 3.4% today on the news.
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↓ SHORT-10% target+5% stop2-4 weeks
Short DBX into post-transition uncertainty — founder exit, insider dumping, and a near-even sell/hold consensus leave no floor here.