Investors are selling GoPro just as enthusiastically as they once bought it. Thursday, the stock — once a Wall Street darling — nosedived to an all-time low. It’s now down some 90 percent from its re The latest news: GoPro pre-announced fourth-quarter revenue of $435 million, nearly 20 percent below the midpoint of guidance. Analysts had predicted $512 million. In a letter to his employees, CEO Nick Woodman pinned the disappointing results on initially mispricing the company’s Hero4 Session camera, which launched last summer. Separately, GoPro also said that it is cutting its workforce by 7 percent, or about 100…
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Lenovo has launched the K4 Note, now known as Vibe K4 Note, in the Indian market. The phone is priced at INR 11,999 ($180) and will be available on Amazon through a flash sale model starting January 19, 2016. The Vibe K4 Note is a mid-range smartphone, slotted above last year’s K3 Note, which continues to sell. It has a 5.5-inch 1920×1080 LCD with Gorilla Glass 3. Powering it is the MediaTek MT6753 with a 64-bit octa-core CPU and Mali T720-MP3 GPU. There’s also 3GB of RAM and 16GB storage with microSD support. The phone comes with Android 5.1 out…
With Intel scheduled to report fourth-quarter earnings after the bell Thursday, options traders are expecting to see a notable reaction in the tech giant’s stock price. On Wednesday, the options market implied a 4.5 percent one-day move for Intel, based on January options that expire Friday. That’s much larger than the stock’s average post-earnings move of 2 percent over the past four quarters. Traders can find the magnitude of expected moves by examining options prices. Specifically, the implied move is considered to be the price of simultaneously buying a call option and a put options that are both “at the…
Markets are currently mired in a “sell the rally” mindset, and that sentiment will persist until investors get clarity on China’s monetary policy and energy prices, Art Hogan, chief market strategist at Wunderlich Securities said Thursday. “If we were to get either one of those things or both, or some hint towards either one of those things, I think the market can do a whole lot better,” he told CNBC’s “Squawk on the Street.” That clarity could come by the end of the month or early in February, he added. China’s markets have twice been halted in recent weeks amid…
When it comes to backing up your precious data, investing in an online backup service is one of the smartest things you can do. These services constantly save any changes you make on your PC to their servers, giving you an offsite backup solution for minimal cost and overhead. But while saving your data to the cloud in a slow drip won’t devastate your workflow or shatter your data cap, restoring hundreds of gigabytes worth of data all at once after disaster strikes certainly could. That’s where Backblaze’s new Hard Drive Recycling Program comes in. Backblaze—which will back up an unlimited…
Real estate portal Housing.com on Thursday announced a restructuring plan to focus purely on the home-buying segment which will entail issuing pink slips to some of its staff. Housing.com said that it will reduce its employee base and reorganise its teams to more efficiently execute this newfocussed strategy, but did not disclose the number of employees it intends to sack. According to sources, a definite number is still being worked out. In their most recent press statement, Housing.com had announced that it had 2,500 employees in 50 cities. A Housing.com employee took to Twitter to break the news but immediately…
Social networks love to cater to their more prominent users. Facebook, for example, creates unique experiences and apps just for celebrities. Now Twitter’s upping the experience for its “VIP” tweeters. Those most precious of users are seeing no—or at least far fewer—ads in their timelines, according to Re/code. What exactly constitutes a VIP is unclear, but the informal designation appears to factor in a person’s celebrity, tweet volume, and social reach. It’s likely those little blue verified check marks next to a user’s name are table stakes just to be considered for the ad-free experience. Whether this is a trial program…
Windows 10 Mobile users have reason to be jealous of Microsoft’s Word Flow keyboard for iOS. Images of the unreleased software keyboard, published by The Verge, show a unique one-handed mode, with keys that fan outward from the corner of the screen. Windows 10 Mobile also includes a one-handed mode, but it’s more simplistic in that the keys merely squish closer to one side. While we haven’t tried Word Flow for iOS—it’s currently in private beta testing with some Windows Insiders—the fanned layout seems like a better approach. With a large phone like the iPhone 6 Plus, the thumb already…
Online marketplace Snapdeal on Tuesday launched a home shopping festival offering discounts on purchase of flats in over 200 projects across major cities. The online ‘Diwali Home Buying Fest’ would be organised from November 3-9. Customers can avail exclusive festive offers at Snapdeal’s Diwali Home Buying Fest like price saving deals of up to Rs 500 off per sq ft on base selling price. Further, there are deals like jewellery worth Rs 1 lakh, waiver of car park reservation charges, free Modular Kitchen and ACs in bedrooms on offer,”Snapdeal said in a statement. Customers can avail offers on purchase of…
With an objective of promoting new housing technologies, the Housing Ministry has commissioned a study by IIT Kanpuron testing new construction methods. The Ministry has approved a proposal in this regard made by the Indian Institute of Technology, Kanpur and agreed to support the study with a financial assistance of Rs 31.34 lakhs. The initiative comes in the context of implementation of Housing for All Mission launched in June under which 2 crore new houses are to be built in urban areas for economically weaker sections and low income groups, according to the Ministry. Currently, there are no Indian Standards…