thank you >> thank you >>> and we just name dropped dropbox, the big earnings mover of the morning deirdre bosa san francisco with more on that quarter. deirdre? >> good morning, jon shares are trading well above the ipo price. things don't look so bad last night the company beat expectations and showed investors it can return money with a $600 million share buyback while also hitting a key milestone. take a listen. >> by the end of this year, our goal is to become a profitable business on a gap basis. this extend beyond 2020. longer term, we plan to drive accelerated margin expansion as we continue to innovate and extend our platform into new markets. >> yesterday we told you about short seller spruce point capital, which has called dropbox a melting ice cube but with shares up more than 20% today, this short seller is likely licking its wounds. still, guys, i want to underline the questions that remain. drew houston himself admitted there is still work to do. over the longer term, share performance is ugly and the company is adding paid users at a slower pace. they've been plagued by worries

that is the question deirdre bosa is answering. >> according to several people i spoke with, yes, coronavirus will impact those plans to go public this year because as the outbreak raises fears about a downturn in demand for travel, airbnb is particularly vulnerable its global footprint, it's grown to more than 7 million listings in over 200 countries. 2 million people on average stay in airbnbs each night. the company has suspended bookings and offered refunds in several chinese cities including beijing and is monitoring official guidance in other impacted areas in a statement, they're focusing on how do you best support stake holders including their hosts, guests, employees, and community where is they operate. comps, expedia and booking, they have slid 20% and 14% respectively in the past couple weeks. this does not bode well for an ipo. airbnb might have to adjust its own look they want to project more certainty and put their best foot or quarter forward when tapping public markets that is looking increasingly difficult. kathleen smith at renaissance capital notes that valuations in the t

the company's call about to get under way, the stock is up nearly 13% deirdre bosa is out in san franciscowe should know they're finally back above that ipo price of $21 it comes down to what the ceo just said. the company is looking toward a key milestone. have a listen. >> by the end of this year our goal is become a profitable business this also extends beyond 2020. longer term we plan to extend marginal, as we extend into new markets. >> we should note that's gap profitability not ebitda that's a less meaningful metrics for other -- it also came in a bit better than expected however, some big questions do remain he admitted there's still work to do. but as you can see, this is a significant sequentially decline from the 400,000, 500,000 net adds in previous quarters. as dropbox is priced to move up, attract more paying corporate customers, it's running into stiff competition. and on the consume es guys as well >> good stuff there. we learned the ceo is a street, not the city it was a hideous chart it was a $42 stock a year and a half ago. >> this move from 16 to 21 1/2 or so, good for

uber stock is lower by only 8% deirdre bosa has more on lyft.hat should we be looking for and what will the commentary likely be? >> yeah, so i think that everyone from the ride sharing companies is just looking for this path to profitability that we have been talking about forever. the markets are focused on uber. last week moved up its time line will lyft do the same today? i think what's really interesting too is the regulatory impact. remember that word adjusted is very important they're going to take into account their own costs and the new time line didn't take into account regulatory changes because of course guys they're facing a lot of upheaval and potentially massive existential changes to the lat form here in california with that ab-85 gig economy law. >> there -- we'll talk about a lot of companies that have gone public that aren't making money. here is one that's having trouble. how soon do they need to do it before the market is going to exact an even bigger price than it has >> the writing son the wall. the signs are already out t

bigger rivals it is just one example of small tech getting squeezed by much, much bigger tech deirdre bosa >> take a look at this at its peak, groupon was worth more than $16 billion. today it is worth less than a billion dollars. the ceo said on the analyst call, our fourth quarter performance was disappointing by nearly every measure investors agree, but this goes back further steep fees that hurt its relationship with vendors, bargain oriented customers unwilling to pay up and ahead of its 2011 ipo, groupon warned that competition was an ongoing threat it specifically listed facebook, google, microsoft, left off amazon whose ecosystem has taken some of the shine off the daily deal model other rivals have emerged too, which have been acquired by bigger tech. groupon isn't alone, take a look at some of the other once tech darlings that have struggled to compete against bigger tech. last night blue apron said it was exploring strategic options including a sale fitbit facing off against apple and wearables, lost 80% of its value since its ipo. go pro shares down 90% from its 2016 debut and

deird deirdre bosa has details >> they might be wondering if lyft can do the same.re focused strategy, and ride sharing has shown some signs of rationalization versus the food delivery market, which uber has, but investors aren't so sure a focused strategy will be that long-term competitive advantage. back to you. >> deirdre, thank you. they upped the ante last week. >> they sure did i think all eyes will be on what they say and what they reported. although they did beat numbers dramatically the last time the last install, we don't see profitability under -- that is going to be very, very important. >> i mean, the stock is up 8%, so that makers the bar even perhaps higher on what they have to say after the bell. >> mike, you have more on the market internals >> i do. but today market actually looks okay, more than 2 to 1 positive. it's an interesting day. we've had kind of the favorite winning and field lagging for a while. microsoft is off 2% and the field is versus a bit of a bounce as you can see, that trade has been all about sticking with those winners. i also