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Photo: Jaap Arriens / NurPhoto via Getty Images

Dropbox, a file storage and sharing company, has filed for a $500 million initial public offering.

  • Offering details: The San Francisco-based company plans to trade on the NASDAQ under ticker symbol DBX, with Goldman Sachs listed as left lead underwriter.
  • Financials: Dropbox is not profitable yet. It reported net losses of $210.2 million and $111.7 million in fiscal 2016 and 2017, respectively. Dropbox brought in $844.8 million in revenue during the fiscal year of 2016, and $1.1 billion in fiscal 2017.

Business numbers:

  • More than 500 million registered users, in more than 180 countries—though it double-counts people who have multiple separate accounts.
  • 11 million paying users, up from 8.8 million in 2016, and 6.5 million in 2015 (same note as above).
  • Average revenue per paying user (ARPU): $111.91 in 2017, up from $110.54 in 2016, and down from $113.54.
  • 90% of its revenue is from self-serve channels.
  • More than 500,000 developers had registered and built applications using Dropbox's tech as of Dec. 2017.
A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

Backers: Dropbox has raised more than $1.7 billion in venture capital and debt financing, and was most recently valued at about $10 billion. Its major backers include Sequoia Capital, Accel, T. Roe Price, and Green Bay Ventures.

The story has been updated with more information.

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DOJ pressed to enforce Al Jazeera foreign agent ruling

Illustration: Aïda Amer/Axios

The Justice Department is being pressed to enforce its own demand that the U.S. arm of Qatari broadcaster Al Jazeera register as a foreign agent.

Why it matters: The launch of Al Jazeera's new right-of-center U.S. media venture, Rightly, has refocused attention on the media company's alleged links to Doha, and DOJ's efforts to crack down on media outlets viewed as foreign interest mouthpieces.

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Immigration was found to be the most polarizing issue in America based on new polling from Populace.

Why it matters: Americans have surprisingly similar priorities for the U.S., but immigration stands out as one of the few issues with clear partisan differences. It underscores the challenge for advocates and lawmakers hoping to pass immigration reform in the coming weeks amid narrow margins in Congress.

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The state of play: Most are holding their fire and punting to state Attorney General Letitia James' investigation into sexual harassment allegations. They expect the inquiry to be credible and thorough — and buy Cuomo badly needed breathing room.