The bad news following the disastrous recall of GoPro's long-awaited Karma drone continues. GoPro announced on Wednesday that it will cut 15% of it's staff in a major company restructuring. The company plans to close it's entertainment division, reduce office space, cut more than 200 full time employees, and implement a total freeze on hiring. The restructuring also … [Read more...] about Karma Fallout Continues: The Latest Bad News for GoPro
Karma
GoPro’s Bad Karma: Lawsuit Claims Violations of Securities Exchange Act
The epic failure of the Karma drone has led to more worries for GoPro. Lawfirm Bronstein, Gewirtz & Grossman, LLC has notified investors of a class action lawsuit filed against the company and some officers, on behalf of shareholders who purchased GoPro stock between September 19, 2016 and November 4, 2016. The suit seeks to recover damages against GoPro for alleged … [Read more...] about GoPro’s Bad Karma: Lawsuit Claims Violations of Securities Exchange Act
Comparison – The DJI Mavic Pro is Bad Karma for GoPro
The DJI Mavic Pro and the GoPro Karma both launched in September, but how do they compare? When we look back a decade from now, September 2016 will be pointed to as a defining month in the drone industry. New product releases have paved the way for manufacturers to target mainstream markets for the first time, commercial legislation in the US has started to open doors for … [Read more...] about Comparison – The DJI Mavic Pro is Bad Karma for GoPro
GoPro Reveals Karma Launch Date
We literally can't take it anymore. Another teaser from GoPro concerning the company's highly anticipated Karma drone. But at least this time there's a shred of tangible information. We have a launch date! According to a tweet from GoPro's official Twitter account, the Karma will be coming on September 19th - less than three weeks from … [Read more...] about GoPro Reveals Karma Launch Date
GoPro DELAYS KARMA RELEASE TIL XMAS
As GoPro shares continue to tumble, the company has decided to delay the release of its highly anticipated Karma drone until the holiday season. The Karma was originally expected in the first six months of 2016. One thing GoPro did release yesterday was its financial statements for the first quarter of 2016. Worryingly, revenue is down 50% from the same time just last year. … [Read more...] about GoPro DELAYS KARMA RELEASE TIL XMAS
