2024-03-06 10:00:00 ET
Summary
- GoPro's shift away from successful strategies, such as bundling cameras with subscriptions, has hurt revenue growth and stagnated subscriber growth.
- Its decision to focus on entry-level products raises concerns about its memory of how these strategies have already failed once.
- Worst of all, the results are already showing this pivot to these already tried strategies is failing - again!
- If you're long, there's a possibility for a dead cat bounce for you to exit, otherwise, don't go long now thinking you're getting value.
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GoPro Is Reverting To Old (Bad) Ways