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Reuters / Mike Segar GoPro short sellers made roughly $ 45 million in mark-to-market profits on Monday as the company’s stock plunged as much as 33%. The stock is feeling pressure following an announcement that GoPro will lay off more than 250 employees and exit the drone industry. While GoPro‘s stock came under serious pressure […]
REUTERS/Mike Segar GoPro announced on Monday that it was cutting more than 250 jobs, and lowered its forecast for fourth-quarter revenues. In its preliminary fourth-quarter results, the action-camera maker said it was reducing its global workforce to fewer than 1,000 people. Demand for the Hero5 model was soft during the holiday season, GoPro CEO said […]
Mikhail Goldenkov/Strelka Institute/Flickr Millennial investors favored tech and bitcoin in 2017. The generation’s favorite stocks posted mostly losses. While some millennials surely spent 2017 swiping through dating apps and posting selfies on social media, an increasing number of them started investing for their futures. The bad news is, they don’t seem to be very good at […]
GoPro has seen better days. After its stock continued its descent to an all-time low earlier in the week, the action-camera maker announced on Wednesday it plans to cut 270 jobs, its third round of layoffs in a little over a year. As this chart from Statista shows, the slashes come after a dire year for […]
