Is this the end of the once-mighty GoPro?
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Is this the end of the once-mighty GoPro?
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Re: Is this the end of the once-mighty GoPro?
#2> While GoPro action cameras are built to withstand shock, the brand itself is looking distinctly shaky right now. Latest reports[1] are that founder Nicholas Woodman is propping the company up by extending it a loan of his own money to the tune of $20 million, at an annual interest rate of 6.5%, while a buyer is desperately sought. It’s believed GoPro may not survive the year without a new owner or fresh injection of cash, with Woodman’s intervention acting as a stopgap rather than bail-out per se.
Re: Is this the end of the once-mighty GoPro?
#3I had no ifea they were struggling. Tldr; their competitor Insta360 is battling them, and they have YoY revenue drop.
Gopro has this cool reliable aura around them. How could they he struggling? So bizarre
Re: Is this the end of the once-mighty GoPro?
#4These days you can buy mini cameras for a few bucks on AliExpress, so no wonder.
Re: Is this the end of the once-mighty GoPro?
#5> While GoPro action cameras are built to withstand shock, the brand itself is looking distinctly shaky right now. Latest reports[1] are that founder Nicholas Woodman is propping the company up by extending it a loan of his own money to the tune of $20 million, at an annual interest rate of 6.5%, while a buyer is desperately sought. It’s believed GoPro may not survive the year without a new owner or fresh injection o…
Is this because of the cost of memory or because the product is no longer competitive?
Re: Is this the end of the once-mighty GoPro?
#6> While GoPro action cameras are built to withstand shock, the brand itself is looking distinctly shaky right now. Latest reports[1] are that founder Nicholas Woodman is propping the company up by extending it a loan of his own money to the tune of $20 million, at an annual interest rate of 6.5%, while a buyer is desperately sought. It’s believed GoPro may not survive the year without a new owner or fresh injection o…
Is this because of the cost of memory or because the product is no longer competitive?
This article is not very satisfying to read, because it doesn't explore the reasons why GoPro is on the ropes.
Re: Is this the end of the once-mighty GoPro?
#7When I was looking to buy an action camera last year, I was deciding between Insta360 and DJI, with many YouTubers suggesting outright against GoPro since they haven't kept up with image quality.
Action cameras sound like a tough business, since most of them are built to last ages, and they need to keep the vast majority of content creators happy trying to increase image quality in a small form factor.
Anyway, I bought the Insta360 Go Ultra I had my mind on from the start, which I'm still reasonably happy with.
Re: Is this the end of the once-mighty GoPro?
#8These days you can buy mini cameras for a few bucks on AliExpress, so no wonder.
any recommendation?
Re: Is this the end of the once-mighty GoPro?
#9> While GoPro action cameras are built to withstand shock, the brand itself is looking distinctly shaky right now. Latest reports[1] are that founder Nicholas Woodman is propping the company up by extending it a loan of his own money to the tune of $20 million, at an annual interest rate of 6.5%, while a buyer is desperately sought. It’s believed GoPro may not survive the year without a new owner or fresh injection o…
Is this because of the cost of memory or because the product is no longer competitive?
Adventure cams lose a market when people can’t afford to go on adventures?
Re: Is this the end of the once-mighty GoPro?
#10This has been on the cards for about a decade. I guess Insta360's YouTube advertising barrage worked.