GoPro Inc: It’s Crash and Burn for GPRO Stock Buz Investors Crash and Burn for GPRO (NASDAQ:GPRO) announced its third-quarter results after the closing bell on Thursday, November 3, and it was a huge disappointment. The company missed expectations on both the top and bottom lines. GPRO stock was already down seven percent in the […]
The Buz on GoPro Stock
GoPro, Inc. (GPRO) has recently suffered from product delays, price drops, and recalls. Based on these factors, it pays to take a look at the company from the inside. Glassdoor.com provides this opportunity. It’s a site where employees can anonymously leave public reviews about their employers.
According to Glassdoor, GoPro has an average rating of 3.3 of 5.0; 57% of employees would recommend the company to a friend; and 66% of employees approve of chief executive officer Nick Woodman. The numbers are interesting, but the comments tell the real story.
Let’s cover the good news first. According to Glassdoor reviews, the positives for GoPro include freedom, passionate workers, open-mindedness to new ideas, good benefits, and extra-long lunch on Thursdays (two hours). Unfortunately, the negative comments outweigh the positive ones.
The negatives include inefficiencies in process and infrastructure, weakened morale, poor leadership at the VP level and above, an unfocused executive staff, and a need for better planning. It was also mentioned that what Woodman wants and what the company needs are two different things, as well as that he changes his mind often. One reviewer stated that every day is miserable. Another reviewer said that the action camera market is now crowded, and that the Karma drone is behind its competitors. Other words used related to the corporate culture at GoPro include: archaic, favoritism, and nepotism.
Here’s Why GoPro Inc Will Turn Around in 2017 Buz Investors GoPro Inc Will Turn Around Starting last May, GoPro Inc (NASDAQ:GPRO) has been on a slow but steady recovery. GoPro stock continues to hover at a much lower price than its rather hedonistic $100.00-per-share peak in 2014. But the recent launch of the company’s […]
GoPro Inc: GoPro Camera Sales Could Provide Big Boost for GPRO Stock GPRO Stock Gaining Popularity Again? In the past 12-month, GoPro Inc (NASDAQ:GPRO) stock has been trading deep in the doldrums. Now, things might start to change. Known as the maker of action cameras, GoPro stock had enjoyed solid gains since it went public […]