Sue Chang, reporting for MarketWatch:
Shares of GoPro Inc. skidded on Tuesday, at one point tripping a
Nasdaq short sale circuit breaker. The selloff was sparked by news
that Apple Inc. was granted a patent for a sports camera,
according to Seeking
GoPro shares fell 8.5% to $51.98 in recent trading with the stock
shedding 15% so far this week.
This says less about GoPro’s viability or Apple’s future plans and more about just how knee-jerk the stock market can be. That said, I’ve long been wondering if GoPro is just the next Flip. Remember them?
See Also: Patently Apple’s story on this patent filing. I seldom pay much attention to Apple patent filings — they file many times more patents than they could ever bring to market. But as I wrote the other day, Apple is a camera company.
★ Tuesday, 13 January 2015