Longbow Research Gives GoPro (GPRO) Lower Rating; Lear (LEA) Sentiment Is 0.92

GoPro CEO Nick Woodman

The company also said that Woodman's compensation would drop to $1 during 2018 as it attempts to become profitable in the second half of the year. Instead, the action camera maker confirmed it's ending Karma production and will cut almost 300 jobs, or more than 20% of its global workforce.

GoPro has had a hard couple of years, as it faced intense competition and poor performance in the drone market.

"GoPro is committed to turning our business around in 2018", Woodman said in a statement.

"With that said, if there were any opportunity for GoPro to partner up with a larger organization that could help us scale the company, scale our brand and reach to consumers, then that's certainly something that we would consider". Following the completion of the transaction, the director now directly owns 99,459 shares of the company's stock, valued at approximately $793,682.82.

No One Knew How To Take Seth Meyers' Harvey Weinstein Joke
It is a gay coming-of-age film. "- but those numbers might be off", Chau interrupted, "because a white person did the math". Hosting the first awards show of 2018, Meyers had a daunting task ahead of him.

Price protection is the money that GoPro has to refund to retailers who purchase cameras at a higher price, whenever the company lowers the suggested retail price, as it did for the Hero5 camera, launched in 2016.

In particular, the company forecast its revenue will fall sharply by 37 per cent to $US340 million, which is far short of Wall Street estimates (of a more lofty $US472 million).

Management has already hired JPMorgan Chase to facilitate discussions, according to CNBC sources, but whether buyers have yet come forward remains unknown.

GoPro also had to slash prices on its cameras to drive more sales, as it faced weak demand for its products during the holiday season. Its new device, the Hero6 Black, has seen a price cut of $100, and you can likely expect more aggressive promotions and new cameras coming soon. CEO Nicholas Woodman is also reducing his salary to $1 this year.

Xbox One 'Do not Disturb' feature now in testing
Late yesterday, Microsoft started to roll out a new Xbox One system update for Xbox Insiders enrolled in the Alpha ring. These features are only enabled for a portion of the Xbox Insider audience to gauge interest and collect feedback.

On Monday, GoPro said it would exit the drone business and cut at least 20 percent of its workforce as the sport-camera maker continues to deal with slumping overall sales.

Among 23 analysts covering GoPro Inc (NASDAQ:GPRO), 5 have Buy rating, 6 Sell and 12 Hold.

Woodman, 42, rocketed to the top of the Bloomberg Pay Index, a ranking of the highest-paid U.S. executives, as GoPro shares soared after its initial public offering, boosting the value of his 2014 equity grant.

Firefighters fighting fire at Trump Tower; 2 injured
Emergency services in NY were responding to a fire at the top of Trump Tower this morning, according to local media. US President was not present there as he is now in Washington.

Related news:

Hot News

isis-killer-beheading-video-story-top Intel to ship 802.11ax chipsets in 2018
Jan 11, 2018 - 09:14
However, Intel is also making its own optimizations to the standard for better performance amongst its own 802.11ax devices. The new standard is also backward compatible to ensure flexibility with older Wi-Fi technologies.

isis-killer-beheading-video-story-top Trump mocked for not fully singing National Anthem
Jan 11, 2018 - 09:09
Trump seemed more excited to sing along near the end of the song, according to the pool report. But the president's eldest son Donald Trump Jr denied there had been any jeering.

isis-killer-beheading-video-story-top Guptill, bowlers take New Zealand to 2-0 lead
Jan 11, 2018 - 09:05
Williamson was pleased to have extended the series lead to 2-0, and said: "Yeah it was a brilliant performance". But just as the momentum was shifting, Malik danced down the wicket and hit one straight to long-on.

isis-killer-beheading-video-story-top Sony unveils selfie-centric Xperia XA2, XA2 Ultra, and L2 smartphones
Jan 11, 2018 - 09:04
The Sony Xperia XA2 Ultra boasts a familiar Sony design, which isn't the most exciting out there, but it is at least functional. The Xperia XA2 Ultra and Xperia L2 will also be available in single-SIM and dual-SIM models for different markets.

isis-killer-beheading-video-story-top 2 new, rugged HP Chromebooks announced for CES 2018
Jan 11, 2018 - 08:27
As reported by CNET, the HP Chromebook 14 G5 is aimed for corporate sector while the Chromebook 11 G6 is targeted at students. You can choose from either the touch or non-touch variant also know as the CB311-8HT or CB311-8H model.

isis-killer-beheading-video-story-top Dylan Farrow Wants To Know When Woody Allen's Time Will Be Up
Jan 10, 2018 - 02:10
The project, inspired by the recent #MeToo movement , aims to combat sexual misconduct in all workplaces. At this Sunday's Golden Globes , the subject of sexual harassment and assault was front and center.

isis-killer-beheading-video-story-top Monaco don't think they can hold onto Arsenal, Liverpool target
Jan 10, 2018 - 02:07
Speaking at a press conference on Monday afternoon, the 43-year-old Portuguese said "we are not used to selling in the winter". In a bid to maintain the attacking prowess Liverpool are determined to get Lemar but are yet to formally bid for the player.

isis-killer-beheading-video-story-top Dustin Johnson's nearly magical hole-in-one!
Jan 10, 2018 - 02:06
But not for Johnson who is now a 17-time PGA TOUR victor after his eight-shot demolition at the Sentry Tournament of Champions . Earlier this week he said a historic eight wins or more season was possible and something to strive for.

isis-killer-beheading-video-story-top 'Sea of Thieves'-Themed Xbox One Controller Glows in the Dark
Jan 10, 2018 - 02:05
Once you have done this, the game will appear in your games library 24 hours before the Closed Beta begins. Sea of Thieves - Xbox One has a scheduled release date of March 20, 2018.

isis-killer-beheading-video-story-top Acer just unveiled the thinnest laptop in the world
Jan 09, 2018 - 01:04
Additionally, the laptop also comes with built-in 4G LTE connectivity, so that users can access to high-speed internet on the go. Its CES 2018 line-up is unlikely to change that, but you should still skim what's new to see if anything catches your eye.

isis-killer-beheading-video-story-top Richie Incognito accused of using racial slurs in game
Jan 09, 2018 - 01:02
Campbell also said it seemed like Bills players were deliberately trying to antagonize Jaguars players. Several players from both teams said Monday they did not hear Incognito use a racial slur.

isis-killer-beheading-video-story-top Khloé Kardashian's assistant found out she was pregnant before her family did
Jan 09, 2018 - 01:01
And that's what they sent!' Kim and Kanye West are expecting a baby girl, who is due this month through a surrogate. She shared that Kim and Kourtney have been giving her a lot of pregnancy advice, though "most of it is unwanted".

U.S. not budging on demands that North Korea halt nuclear weapons
Jan 09, 2018 - 01:01
The State Department had said Pyongyang "might be trying to drive a wedge" between Washington and Seoul. That conflict ended in a ceasefire and technically the two sides remain at war.

isis-killer-beheading-video-story-top UK-based NGOs slam restriction on entry to Israel
Jan 09, 2018 - 01:00
Erdan said on Sunday that the groups "operate consistently and continuously" against Israel using a "campaign of incitement and lies".

isis-killer-beheading-video-story-top HTC announces new Vive Pro VR headset with 3K resolution
Jan 09, 2018 - 00:58
Timing and pricing wasn't divulged yet, but hopefully we'll see a price drop for the original Vive once the Pro is on the market. Vive Video is available today for both Vive and Google Daydream platforms, and will arrive on Vive Wave in the near future.