GoPro Explores Sale Amid Defense Pivot Struggles

GoPro is reportedly exploring a potential sale, having hired an investment bank to evaluate strategic alternatives. This move comes after the action camera company announced plans to explore opportunities in the defense and aerospace markets. While this pivot initially boosted its stock, the gains were short-lived. The company has faced declining sales and increasing losses, leading to significant layoffs. Despite its past success, GoPro's current financial situation appears dire, prompting a reevaluation of its future, including a possible acquisition by parties from various sectors.