GoPro to close entertainment division

[Kevin Lancaster]

GoPro to close entertainment division

GoPro has announced a company-wide restructuring, which will include the closure of its entertainment division.

 

[CAPS LOCK]

Karma..

 

[Chevron]

Karma..

What they do to you?

 

[CAPS LOCK]

What they do to you?

Nothing at all.

 

[Petec]

Will I still get to see all the crazy Russian dashcam vids?

 

[Kloofvreter]

Karma..

 

[Thor]

What will their share price do is this a steam lining the business new direction better profits or is this difficult times the company is failing?

 

[OCP]

What will their share price do is this a steam lining the business new direction better profits or is this difficult times the company is failing?

I'm not qualified to guess what the share price will do but cost cutting usually means bottom line issues (ie. not enough profit)
Likely they have lost a lot of market due to their products high price and the plethora of cheaper alternatives.

 

[Thor]

I'm not qualified to guess what the share price will do but cost cutting usually means bottom line issues (ie. not enough profit)
Likely they have lost a lot of market due to their products high price and the plethora of cheaper alternatives.

That is what I thought in terms this is not a move that they did willingly.