GoPro Inc. Is Finally Learning From Past Mistakes
GoPro Inc.'s (NASDAQ: GPRO) share decline from nearly $90 to under $10 didn't happen because people stopped using GoPro cameras. It happened because GoPro lost focus of its position in the camera market and compounded its problems by building too much inventory, resulting in massive losses over the last two years.
CEO Nick Woodman and team have had to reconfigure the business and give up on aspirations of becoming a media company, but GoPro finally seems to be better off for it. And after second-quarter results, it looks like GoPro is finally learning from its mistakes and positioning itself for success going forward.
Image source: GoPro.
Source: Fool.com
GoPro Inc. A Stock
€1.14
1.340%
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