InvestorsHub Logo

Tom4investor2011

01/10/18 3:59 PM

#9413 RE: Tom4investor2011 #9411

In addition:

He finally come down to earth, for the Hero @$199, $299 or $399 is still very pricy to some, now he want to spread the products to everyone that can afford/“entry level goProers” that now make more senses and also to discontinued the priciest drone that only hardcore/the rich can afford.

Good deal!
Now goPro will survive beyond being sold or being part of bigger company,
IMO.

Tom4investor2011

01/11/18 7:20 AM

#9417 RE: Tom4investor2011 #9411


GoPro's Nick Woodman confirms he's 'open' to selling:

The company CEO said he would be "thrilled" if a big company helped GoPro succeed...Then, just two days ago, a second story claimed GoPro was actively looking to sell off its business, he also confirmed they're open to offers. Woodman even alluded to which companies he might be most interested in working with. (Hint: Social networks.)
He also hinted at the first new product of 2018. "We have a new product coming out in the first half of the year that's going to be really exciting for our entry-level customers,...... I would be thrilled if the easiest, most efficient way to achieve that was through the sale of the company to a bigger business that could really help GoPro shine." Woodman said.
Would Facebook (and by proxy Instagram) or YouTube (Google) or even Snap (Spectacles) -- be ideal partners to meet their needs? All those companies have huge platforms, rely heavily on video, and have dabbled in hardware (Facebook owns Oculus remember). His response? "People's social activity, and the viral nature of it, really is the reason that GoPro exists."
One thing's for sure: 2018 will be an action-packed year for the company either way.

*IMO, Google’s YouTube are the best suitor—from GoPro’ action-captured right Up-to-YouTube Chanel.

Sharing FWIW GLA.