GoPro (NASDAQ: GPRO) is well known for its action cameras, but the company is betting its future on services. It's lowering prices for cameras and hoping to make up the profit with cloud software and services. Travis Hoium goes through why he's skeptical of the strategy in this video.
*Stock prices used were end-of-day prices of May 10, 2023. The video was published on May 12, 2023.
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Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
