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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?

#481

Post by blitzar »

aanet wrote: post #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 o…

Tale as old as time ... Make a bunch of money from your company, run it into the ground, be the hero that gets paid to keep it afloat.

The harder path is not being a shit CEO.

Re: Is this the end of the once-mighty GoPro?

#482

Post by numpad0 »

Robotbeat wrote: post #402
rangestransform wrote: post #356

Earlier quoted context omitted.

There was a real human cost to how China industrialized that isn’t “muh freedoms”. China overproduced STEM grads so that their industries could hire them for pennies on the dollar. They had to withstand insane competition starting in elementary school, only to end up unemployed or doordashing. This isn’t a PRC specific thing either, TSMC is infamous for having PhDs doing night shift lab tech work for pennies (compara…

In general, I do think the East Asian nations have over-prioritized work for export and industrial policy at the expense of the well-being of their citizens.

It feels to me more like, East Asian nations tend to have robust domestic sets of expectations that tend to be more stringent, reinforced by geological and cultural barriers, and comparatively lower international castes. Anyone born in EA have no choice but to constantly beat the average and to make contributions to the street cred jar for the nation. And that produce such things as TSMC chips and DJI drones and 7-11 egg salad sandwiches.

Re: Is this the end of the once-mighty GoPro?

#483

Post by blitzar »

crote wrote: post #154
TravisJamison wrote: post #101

Earlier quoted context omitted.

It’s not just the cash flow, it’s the margins. Redbulls gross margins are probably 90%. It’s basically just water, sugar, and caffeine sold for $3. You can do a lot of great promotions if the cost of your product is a rounding error.

> It’s basically just water, sugar, and caffeine sold for $3. ... and some of their products don't even have sugar!

you have to pay extra for that

Re: Is this the end of the once-mighty GoPro?

#484

Post by handle584 »

adrianN wrote: post #103
Robotbeat wrote: post #89

Earlier quoted context omitted.

GoPro is a US company designed in U.S. with manufacturing in Thailand, China, and Mexico. Insta360 is a Chinese company designed in Shenzhen and built there, too. People think this doesn’t matter, but GoPros are used all over in aerospace. If we replaced the brand with Insta360, that puts a big attack vector all over the place. A similar pattern happened with drones with DJI, intentionally killing all non-Chinese dro…

If your country’s industrial and defense policy relies on individual consumers making choices that are worse for them on almost all metrics, it’s time to think about on worse payroll your politicians are.

Doesn't this apply to China in the first place? Their GFW practically blocked such choices for decades already.

Re: Is this the end of the once-mighty GoPro?

#485

Post by vkou »

Robotbeat wrote: post #401
coldtea wrote: post #288

Earlier quoted context omitted.

> But China’s industrial dominance is also the government immiserating its people Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years? > Domestic consumption in China is famously low Compared to what, the US? Compared to China is at a historical high, isn't it? And they're doing quite well even compared to like 70% of the world and rising.

Not as much as their East Asian neighbors, who had increasing democracy and fewer deaths to starvation…

Their economy has grown, and continues to grow faster than that of any of their neighbors.

Re: Is this the end of the once-mighty GoPro?

#486

Post by tomhow »

jaapz wrote: post #161
tomaskafka wrote: post #105

Earlier quoted context omitted.

Simon Wardley has been shouting this from the rooftops, including detailed per industry timelines when China will take over, in 2015.

[flagged]

> muh illegal aliens and muh christianity and muh identity politics

Please don't post lame tropes like this on HN. The guidelines make it clear we're trying for something better here. https://news.ycombinator.com/newsguidelines.html

Re: Is this the end of the once-mighty GoPro?

#487

Post by lmz »

spunker540 wrote: post #447
OtomotO wrote: post #394

Earlier quoted context omitted.

And the US calls itself a democracy and kills innocent people abroad. I don't see any merit in these simplistic world views. The world isn't Lord of the Rings, it's more A Song Of Ice And Fire.

Can't a democracy vote and agree to kill innocent people abroad? Not sure those things are discordant.

It can. Which probably justifies 9/11 if you see it that way.

Re: Is this the end of the once-mighty GoPro?

#488

Post by vkou »

simplisticelk wrote: post #431
coldtea wrote: post #288

Earlier quoted context omitted.

> But China’s industrial dominance is also the government immiserating its people Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years? > Domestic consumption in China is famously low Compared to what, the US? Compared to China is at a historical high, isn't it? And they're doing quite well even compared to like 70% of the world and rising.

Yes, their system has lifted hundreds of millions out of poverty, but government policy is now making Chinese consumers poorer than they otherwise would be in order to support domestic industry. It seem’s to be for geo-strategic reasons rather than in the interests of the Chinese people, it’s also probably unsustainable.

> government policy is now making Chinese consumers poorer than they otherwise would be

Right, that sort of thing never happens over here. We don't give the rich tax breaks while robbing the middle class (and saddling it with mountains of debt that will be coming due in their future), we don't print money hand over fist to fund idiotic wars and other vanity projects, and we don't do everything in our power to prevent workers from organizing for higher wages and better working conditions.

Congress and the executive is hard at work to make the American consumer richer than they otherwise would be. Everything they do is with that goal solely in their minds. It's all they live for, not for making their backers and friends richer and more untouchable.

Re: Is this the end of the once-mighty GoPro?

#489

Post by artisinal »

pastel8739 wrote: post #435
whall6 wrote: post #427

Earlier quoted context omitted.

> roads I think even the Chicago school would agree that roads should be public > autos I absolutely detest US policy with respect to autos so I will not refute this > oil Matter of strategic importance that isn’t related to spying or subterfuge. The Nazis probably would have won WWII if they hadn’t run out of diesel. I’m not sure digital cameras come close to this.

But you could imagine a country that invested, in addition to roads, cars, and oil, in public transportation, cities that you can get around on foot, and in renewable energy. Such a country might be better off that the US is now.

Not everyone wants public transport. I never use it. Don’t like being so close to other people. And it is much more expensive where I live. Four friends going for a day trip to the big city is €120+ by train and bus.

Had another look. It’s €265 just for the four train tickets alone, in the lowest class. €375 if you want to travel in comfort class. Two hour journey.

Re: Is this the end of the once-mighty GoPro?

#490

Post by QuesnayJr »

faitswulff wrote: post #335
UltraSane wrote: post #327

Earlier quoted context omitted.

China isn't bad, the CCP is.

That simplistic characterization is still essentially "China-bad." The CCP is the same government responsible for lifting historically unprecedented numbers of people out of abject poverty. Does it make up for other human rights violations? No. But "CCP bad" flattens a complex and powerful political organization into a fairy tale boogeyman.

At this point you're just openly shilling for the CCP. The CCP killed millions of people through incompetence, and then they had the brilliant idea of copying the exact development model of the Asian Tigers. It's their previous incompetence that's the reason that they haven't already caught up with South Korea.
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