Jan 13


Cramer Does It Again: Camera-On-A-Stick Crashes 30% After Slashing Guidance, Cuts 7% Of Jobs:

Who could have seen this coming? Week after the CEO ordered his mega-yacht and 6 months after Jim Cramer said “it was going higher,” GoPro has just slashed Q4 revenue guidance by 15% (from $510.9mm to $435mm) and has addtionally decided to layoff 7% of the workforce. For now, GPRO is halted… but Ambarella is not (and is collapsing 6% after hours) leaving them down 65-80% since Cramer said “buy buy buy.”



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