Comments
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Assuming you can open up other DMG installers and only the Dropbox DMG is not opening, maybe try getting the full installer at https://www.dropbox.com/downloading?full=1&os=mac or try downloading from a different browser or device.
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You can’t open a DMG file? Try powering down and back up. Try right click and open with DiskImageMounter.
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The most current Dropbox installer is a Universal app and not specific to M1. Just goto https://www.dropbox.com/install
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Better late than never for M1 support 😜