Is it really possible for one opinion to change the fate of GoPro’s livelihood and success in the stock market? Seemingly, the answer is yes. After Barron’s Alexander Eule published an article outlining the risks and cautions (oh, the irony) people should take with GoPro, the stock for the “world’s most versatile camera” gadget plummeted as much as 6.5%.
Eule’s main concern about the adventure-seeking apparatus is that soon enough, the device will be unnecessary as smartphones absorb more and more features into one small device. He cautions that the GoPro is a unique member on the tech forefront due to its standalone nature. Instead of being a feature on another gadget, like a phone, you must purchase the GoPro separately and that in and of itself has destined the device for failure. Whether Eule’s prediction is true or not remains to be seen, but it seems many investors are not taking the risk and are moving their attentions, and funds, elsewhere.