GoPro is eroticize putlockercoming to terms with reality. Despite its best efforts, it's just a camera company.
The above line was written over a year ago by Mashable's Kerry Flynn but the line is just as true now as it was in November 2016.
SEE ALSO: Facebook releases free music and sound effects for video creatorsOn Monday, GoPro confirmed reports of layoffs, reducing its current workforce to fewer than 1,000 people, and announced it was exiting the drone business. Later, CEO Nick Woodman even hinted he'd be up for selling the company.
This Tweet is currently unavailable. It might be loading or has been removed.
The layoff and drone news was buried in a press release from the company exploring fourth quarter 2017 results. But under the heading of "2018 Products and Operating Expenses," the company laid out three big changes: reducing their workforce from 1,254 to under 1,000, slashingfounder and CEO Nicholas Woodman's "cash compensation" to just $1, and their exit of the drone market.
As for the drone decision, the release detailed:
Although Karma reached the #2 market position in its price band in 2017, the product faces margin challenges in an extremely competitive aerial market. Furthermore, a hostile regulatory environment in Europe and the United States will likely reduce the total addressable market in the years ahead. These factors make the aerial market untenable and GoPro will exit the market after selling its remaining Karma inventory.
The company did note they would continue offering support for its Karma drone.
And in non-drone and non-layoff news, the company announced that, as of Sunday, the price on its popular HERO6 Black camera had been cut by $100, from $499 to $399. The company reported good sales on its HERO5 Black camera after it cut that device's price in December 2017 for the holiday shopping season.
This Tweet is currently unavailable. It might be loading or has been removed.
Following the announcement, GoPro stock sunk by more than 20%.
It's been a rough trip for GoPro, which saw its fortunes tumble in late 2016 following a big miss in the third quarter of that year. Besides previous layoffs, the company also shuttered its ambitious entertainment division and had to recall hundreds of its Karma drones.
And 2018 is definitely turning out to start on a cold note for the company after a rosy outlook in 2017, after all that tumult.
Topics Drones
Super Bowl LIX livestream: Watch Eagles vs Chiefs on Tubi
Hacking the presidential election just isn't possible (yet)
You can now book an Uber or Ola cab in India with Google search
iMessage hack floods Apple users with Chinese texts
Lego free Valentine's Day Heart: How to get free Lego
Clinton calls out Trump for being a sore loser about the Emmys
This one word had everyone rushing to Google during the debate
'CS:GO' documentary trailer goes behind
Optogenetics: A Virtual Reality System for Controlling Living Cells
This tweet about Ivanka Trump might be the weirdest of the election
NYT Connections hints and answers for February 5: Tips to solve 'Connections' #605.
Scottish beauty blogger has wise skincare advice for older women
In the stuff of nightmares, Robocop is coming to life
Today in Trump mockery: The return of the ‘short
Assassin's Creed Origins: How Heavy is It on Your CPU?
People can't handle Kevin Durant's Rolling Stone cover outfit
Someone needs to tell Dwight Howard it's only the preseason
New photo of Jupiter shows planet with huge smiley face
NYT Connections Sports Edition hints and answers for February 15: Tips to solve Connections #145
Scientists reveal a dramatic new look at the Milky Way
2023 NCAA Tournament printable bracket: Where to get yoursThe internet isn't happy with Spotify's new design2018 Whiting Awards: Antoinette Nwandu, Drama2018 Whiting Awards: Esmé Weijun Wang, NonfictionBest pizza oven deals: Pizza ovens on sale for Pi DayStaff Picks: Cucumbers, Chiropractors, and KleptocratsMemoirs of an AssBest Black Friday iPad deals 2023Tennessee Williams in Four ObjectsThe best Black Friday deals on air purifiers: Shark, Dyson, Blueair, and moreBest deals of the day March 14: 9thBest deals of the day March 16: Arlo video doorbell, Acer 516 GE, and M1 MacBook AirMarian Blue, the Color of Angels, Virgins, and Other Untouchable ThingsZoe Leonard: Archivist of FeelingApple Black Friday deal is all about gift cardsApple Black Friday deal is all about gift cardsCrossing Over15+ Black Friday 2023 Chromebook deals at Best BuyThe internet isn't happy with Spotify's new design2018 Whiting Awards: Antoinette Nwandu, Drama How to change your Apple ID password How to find stalkerware on your smartphone Trump's State of the Union slogan was used before... by Hillary Clinton 10 best people to follow if you want to learn how to paint How to use track changes in Google Docs Samsung phone catches fire on airplane five years after Galaxy Note 7 debacle Pete Souza's here to defend Jay Visa purchases $150,000 NFT The weird world of anti The emotional support peacock that couldn't get on a flight also has his own Instagram Samsung brags about remotely disabling 'looted' smart TVs Meet the autonomous driving influencers of TikTok 'Hoa' is the sweet, Ghibli State of the Union: Senator's stone cold face gets meme'd Your next Lyft ride could be the Wienermobile Little girl pens grim birthday card for mom's significant other State of the Union: A selection of the grumpiest faces in the audience 'Candyman': What you need to know about the original How to delete iPhone apps The worker who sent Hawaii's missile alert believed attack was real
1.7203s , 10170.703125 kb
Copyright © 2025 Powered by 【eroticize putlocker】,Creation Information Network