News Updates

GoPro’s Drone Initiative Crashes With Karma Recall

GoPro’s ambitious plans to be a player in the fledgling drone market crashed last week when it had to announce a product recall due to Karma UAV units falling from the sky. The company needed to resolve a performance issue related to loss of power during operation, it said. It indicated it would resume shipment […]

News Updates

GoPro fails to meet market expectations; to cut 7 percent of workforce

GoPro Inc estimated fourth-quarter revenue below market expectations due to disappointing sales of its action cameras, and said it would cut 7 percent of its workforce, sending its shares into freefall. GoPro shares plunged 28 percent to $10.50 in extended trading, or less than half its 2014 IPO price of $24. Traders told Reuters that […]