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GoPro shows its vulnerability after horrific Q3 earnings

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Re: GoPro shows its vulnerability after horrific Q3 earnings

#121

Post by bnchrch »

mikestew wrote: post #25

I try not to generalize personal experience to a company's stock price. But in GoPro's case I'm picturing a bunch of folks like me who bought one, and then swore to never again buy anything with GoPro's name on it. And those people tell their friends who are considering an "action camera". So you end up with a segment of customers from whom you'll never extract another dime, plus all of the people who might have boug…

I would like to echo your sentiment with my own story.

I've owned a GoPro since Christmas of 2014. After less than a year of use the camera would start washing out videos while recording with flares of green and pink then freezing typically after 11 seconds of filming.

When I looked on support forums I found that this was a known issue with my GoPro version. However GoPro would not admit the defect and after talking with support they could do nothing for me.

I decided to keep using the camera as I use it for primarily 1 second videos. 2 months later I take it diving, the housing fails at 30 feet (its rated to 120 feet). I call support again:

I'm offered 10% off my next GoPro.

In my opinion GoPro is a dishonest company who does nothing to stand behind its products of which their price does not match their dismal quality.

ProTip: Ebay sells action cameras with all the same features, better build quality for a third of the price

Re: GoPro shows its vulnerability after horrific Q3 earnings

#122

Post by noarchy »

mikestew wrote: post #68
noarchy wrote: post #52

Earlier quoted context omitted.

>Note : I have an action camera, but it's from Garmin Fwiw, I own a GoPro, but use Garmin's video editing software. Not only do I find it easier to whip up quick edits, but I can also overlay my Garmin Edge cycling data.

Wait a minute, I can use the GP for video, but then suck in GPS data from my Garmin and overlay it using Garmin's software? Oh, wow, thanks for the tip, I'll try that tonight.

Absolutely. VIRB Edit can handle your Garmin data files, and gives you many options for how you'd like to display the data. And as I mentioned, I import my GoPro videos, as VIRB Edit doesn't seem to care.

The software, for those who are interested: https://buy.garmin.com/en-US/US/into-sports/apps/virb-edit/p...

Re: GoPro shows its vulnerability after horrific Q3 earnings

#123

Post by PKop »

rhizome wrote: post #101
duncan_bayne wrote: post #96

Earlier quoted context omitted.

That doesn't answer my question, at all. What is it about capitalism that makes the strategy you describe a) inevitable, and b) worthy of regulation (since you brought that up)? Also, I disagree that the modern economy is unregulated. Quite the contrary, in fact. And it's regulation, bailouts and crony capitalism that protect companies who make awful products.

What is it about capitalism that makes the strategy you describe a) inevitable, and b) worthy of regulation (since you brought that up)? The profit motive covers (a).

A company that built lasting products of high quality wouldn't earn profits? Hmmmmmm[0]

[0] https://www.google.com/finance?q=NASDAQ%3AAAPL&fstype=ii&ei=...

Re: GoPro shows its vulnerability after horrific Q3 earnings

#124

Post by kevin_thibedeau »

mikestew wrote: post #25

I try not to generalize personal experience to a company's stock price. But in GoPro's case I'm picturing a bunch of folks like me who bought one, and then swore to never again buy anything with GoPro's name on it. And those people tell their friends who are considering an "action camera". So you end up with a segment of customers from whom you'll never extract another dime, plus all of the people who might have boug…

> I won't reiterate my complaints with my GoPro camera because I've bitched enough already on HN.

Yeah. Too much of that and they might issue another fraudulent DMCA takedown.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#125

Post by 1024core »

What else would you expect? The CEO took his money when the stock hit ~100 [1]. He didn't even wait for the lockup period to expire. The suckers left holding the stock have ridden it to the bottom, expecting it to takeoff any moment now... but if the CEO thought it would reach ~100, wouldn't he have waited?

[1] http://money.cnn.com/2014/10/02/investing/gopro-charity-shar...

Re: GoPro shows its vulnerability after horrific Q3 earnings

#126

Post by bobjordan »

mikestew wrote: post #25

I try not to generalize personal experience to a company's stock price. But in GoPro's case I'm picturing a bunch of folks like me who bought one, and then swore to never again buy anything with GoPro's name on it. And those people tell their friends who are considering an "action camera". So you end up with a segment of customers from whom you'll never extract another dime, plus all of the people who might have boug…

In this case, the Chinese originally were not copying anything, GoPro just sourced the cameras from a CM here in Shenzhen, putting the GoPro name on it. I suspect the relationship stayed much the same through Hero 2 & 3, with the CM driving the design improvements in the camera.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#127

Post by odbol_ »

PKop wrote: post #123
rhizome wrote: post #101

Earlier quoted context omitted.

What is it about capitalism that makes the strategy you describe a) inevitable, and b) worthy of regulation (since you brought that up)? The profit motive covers (a).

A company that built lasting products of high quality wouldn't earn profits? Hmmmmmm[0] [0] https://www.google.com/finance?q=NASDAQ%3AAAPL&fstype=ii&ei=...

haha is this a joke? Apple basically forces you to upgrade your phone every two years, by releasing a mandatory OS update that makes older phones slow as dirt.

I'm talking about my mom's 1957 Ford pickup that still runs great today. I'm talking about the Ostrisizer can opener from the 1970s that my family still uses in their kitchen. 5 years lifetime for a $800 product is not "built to last".

Re: GoPro shows its vulnerability after horrific Q3 earnings

#128

Post by harmegido »

narkee wrote: post #81
maruamx wrote: post #45

Earlier quoted context omitted.

My understanding was that the markets have a duty to provide equal access to information that would determine your decisions. This is one of the reasons why companies often release their quarterly results after market close. It allows all relevant parties to be able to access the latest information before selling resumes. If this wasn't the case, then users with the fastest connections would be able to process, and r…

Wait, isn't that the entire point of high-frequency trading and their low-latency access to markets?

1) HFT is more than just US equities. Many exchanges are open 23 hours a day.

2) Many HFT firms do not specialize in 'news-reading'. That is, they will sit out periods when an expected announcement is coming. You can observe this by looking at the liquidity of a product just prior to an expected relevant news release - there will be very few orders.

3) There are more events than just news events that require speed.

Re: GoPro shows its vulnerability after horrific Q3 earnings

#129

Post by nothrabannosir »

cuu508 wrote: post #97
mikestew wrote: post #74

Earlier quoted context omitted.

I don't know what you call that, "dropping a steaming binary turd on your friends"? I dunno, but "editing" it is not. I've got literal hours of video of some dirt road in the Alaska tundra. No one wants to watch that, I've got to whittle it down to the highlight and parts that folks might enjoy, like the mountain goats in the middle of a blind corner or the moose running across the road. And that is time-intensive; l…

When you've had to deal with the hours-of-video problem, you learn to be much more selective for when to start recording, and for how long to record. But even with that, and end even when you've learned the tricks of your editing software, and when you have given up the inner perfectionist, in my experience each minute of the final (amateur!) production still takes 10-100x more time to put together. Automated editing…

I'd say they would compare same way as Instagram filters compare to a photographer/retoucher working in Lightroom/Photoshop.

So... they would propel you and your company into the stratosphere of success? :)

Re: GoPro shows its vulnerability after horrific Q3 earnings

#130

Post by odbol_ »

Fricken wrote: post #112
jinushaun wrote: post #50

Earlier quoted context omitted.

That's not editing. iMovie is only easy if you don't actually edit your videos--arrange, slice, add music and text, etc. Video editing is slow and difficult.

I was thinking about the Snapchat glasses, which I initially regarded as stupid. But when I considered the intimidation factor associated with video editing, it dawned on me that Snapchat's 10 second time constraint effectively forces users to shoot video that is super easy for the masses to edit, arrange, share and aggregate, and within a universally defined set of constraints. So I think snapchat glasses could be h…

Even though the best Viners out there make amazing films with Tarentino-level editing in only 6 seconds.

Editing is an art - sure you can automate it, but until we have strong AI it's not going to be a substitute for a talented editor.

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