Travel Update: Airline Earnings
Last month, we noted that Dropbox (DBX) was starting to show some year-over-year PI weakness towards the end of the 20Q4 fiscal quarter (ended 12/31/20)…Things aren’t looking better in 2021.
Purchase Intent volume in 20Q4 fell -21% from the prior year, and the rate of decline is accelerating. Purchase Intent Mentions are trending -35% YoY in the current quarter.
DBX shares are trading lower today, following news that the company will be cutting 11% of its workforce.
Now, LikeFolio data suggests…