While consumer drone leader DJI makes headlines at this week's CES with new products, GoProannounced Monday it would pull out of the drone business after it sells its remaining stock of Karma drones. The camera maker also confirmed the report of job cuts we heard about last week, but there could be even bigger changes in store for GoPro than just another round of restructuring. Woodman toldCNBC that he would consider a sale or partnership with another company, though no names were mentioned.
GoPro is exploring a sale after a tumultuous couple of years that included multiple rounds of layoffs, shrinking sales, and a plummeting stock price. The company's share price plummeted amid the disappointing reports. Some analysts have said that the Hero cameras have become a commodity, and that GoPro's main selling point now is its brand. "These factors make the aerial market untenable", GoPro said. Many of those let go were attached to the company's barely-functioning aerial division, which GoPro announced it was shuttering earlier today. Given the concerns about less expensive alternatives eating away at GoPro's action-camera market share, this price cut is not a good development. "We entered the new year with strong sell-through and are excited with our hardware and software roadmap". A bill making it mandatory for drone owners to register for a national database is expected to be published within months. "We expect that going forward, our roadmap coupled with a lower operating expense model will enable GoPro to return to profitability and growth in the second half of 2018".
It's unclear if there is an interested buyer for the company.
Chief executive officer Nicholas Woodman will reduce his 2018 cash compensation to $1. Its holiday results were downright bad, and its disastrous attempt to enter the drone market is the kind of mistake that well-run companies seldom make.
In men, prostate cancer causes 9 percent of deaths, while 7 percent are due to pancreatic cancer and 6 percent to liver cancer. The report estimates that this year there will be 1.7 million new cancer cases and 609,640 cancer deaths in the United States.
However, there is one fundamental difference between the hashtag feature and the new " recommended posts " feature. It didn't confirm when that rollout would complete and become available to all of Instagram's user base.
According to posts on Twitter, two gamers were arguing when one threatened to target the other with a swatting call . The victim of the cop shooting has not yet been identified, but it was confirmed that he died at a local hospital.
The Fire Department of NY said it was called there at around 7am (noon GMT) after the blaze was reported on the top floor. The fire was believed under control and no injuries were reported, NBC News reported on Twitter.
The Valley of the Kings, which has dozens of ancient tombs, including that of King Tutankhamun, is located just outside the city. The balloon, which was carrying 21 foreign tourists, was crashed due to bad weather and strong winds , officials said.
And that is the same rate for smaller companies with annual gross receipts of $305,000 or less per year, after January 1, 2018. Workers who receive tips will get a wage increase from $4.08 an hour to $4.15.
Heading into the Globes, Franco was the favorite to take home the award for Best Performance by an Actor in a Comedy or Musical. Thanks to James Franco's movie, the two are now living the Hollywood dream that they always wanted almost two decades ago.
According to the report , the USA has given Pakistan approximately $33 billion United States in aid since 2002. The United States, has provided Pakistan with more than $33 billion Dollars in aid since 2002.
Patriots linebacker Eric Lee would sack Jets quarterback Bryce Petty in the end zone for a safety to put the Patriots up 26-6. Tom Brady threw two touchdown passes and Dion Lewis scored twice to lead New England past NY for the second time this season.
TMZ: 'Coach' Star Jerry Van Dyke Dead at 86
It's said that the actor's health has been on the decline since being involved in a serious auto accident about two-years ago. Jerry Van Dyke made his mark as both a stand-up comedian and as an actor in a fascinating career spanning decades of work.
Williams to miss Australian Open
Russell Fuller, BBC tennis correspondent It is less than four months since Williams gave birth. The upcoming Australian Open women's draw won't include the defending champion.
Raiders set to hire Gruden for $100 million
Gruden is scheduled to work the network's playoff game Saturday in Kansas City between the Chiefs and Tennessee Titans . Raiders reporter and author Steve Corkran first reported on the Raiders' plan for a "splashy" Tuesday news conference.
Rhian reveals Gibbs-White racist abuse
The English FA made representations to Uefa and Federation Internationale de Football Association regarding the allegations. He says he remembers a fellow player being called a "monkey" by a member of the opposition in the tournament final.
Winter Weather Advisory for Saturday
The weather impact will be for the northern and southern Clearwater mountains, and the Bitteroot/Sapphire mountains. However, heavier bands of snowfall may set up over the area as the system travels over Greater Lafayette.
Man drives truck off Astoria pier into river
Share with Us - We'd love to hear eyewitness accounts, the history behind an article, and smart, constructive criticism. In a spectacular show of poor judgment, Erofeeff sped right off the end of the pier and into the frigid Columbia River.
George Weah elected Liberian president
He entered politics after his retirement from the game in 2002 and is now a senator in Liberia's parliament. As news of Mr Weah's victory emerged on Thursday, his supporters began celebrating in the capital Monrovia.