GoPro predicts revenue slump and slashes workforce; stock plunges

Camera maker GoPro Inc. is getting out of the drone business, laying off more than 20 percent of its workforce and losing two executives after predicting a sharp decline in its fourth-quarter revenue and disclosing weak holiday-season demand for its cameras. The disappointing outlook sent shares plummeting nearly 30 percent to an all-time low of $5.32… Please follow and like us:

Read More

Struggling Mattel warns of slumping holiday sales as debt ratings are cut

Mattel Inc.’s struggles deepened Monday as the toymaker warned of slumping holiday sales as its debt was downgraded by the major credit-rating firms. Mattel said in a securities filing that its fourth-quarter sales would be “negatively impacted” because of “certain underperforming brands” and because retailers were tightly controlling their inventories this holiday season. As a result,… Please follow and like us:

Read More

Are you ready for Green Monday 2017?

Just when you thought all of the bargains and discounts had tapered off for the Christmas season, another (sort of) official sales holiday is in store for shoppers: Green Monday. RELATED: Green Monday 2017: 5 ways to save some serious cash In its short history, Green Monday has become known as the second-best day to shop… Please follow and like us:

Read More

Security flaw found in Amazon Key, researchers say

Cybersecurity researchers said that they have found a key vulnerability in one of Amazon’s most prominent new services. The company this fall rolled out Amazon Key, which lets couriers unlock your door and put packages inside your home. The service works in tandem with a smart lock and Amazon’s new Cloud Camera, which records the delivery… Please follow and like us:

Read More

Amazon moving into nearly 1M apartments to make the package delivery process safe and easy

With the holidays just around the corner, package theft is foremost on everybody’s mind (or at least it should be). Here’s why: An estimated 23 million Americans have had a package stolen from the front of their homes before they could retrieve it, according to a study done by Princeton Survey Research Associates International. And with… Please follow and like us:

Read More