GoPro Quits the Drone Business (theverge.com)

Posted by msmash on Monday January 8, 2018 @09:20AM from the thanks-for-all-the-fish dept.

GoPro has announced that it's exiting the drone business, citing the challenges of turning a profit in an "extremely competitive" market. From a report: The company revealed the news during its earnings report today, saying that its Karma drone would be the last it would make. The company is also laying off hundreds of staff and reducing the pay of CEO Nicholas Woodman to $1 as it struggles to manage its rocky financials. The $799 Karma drone was first unveiled in late 2016, but proved to be an unfinished and expensive product.

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Chinese by Tablizer · 2018-01-08 09:28 · Score: 3, Informative

A Chinese company called DJI is clobbering every other competitor.
Some say it grew suspiciously fast and suspect gov't-backed cheating & subsidizing. But at this point there's no solid evidence.

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Table-ized A.I.