US tech firm GoPro has called on JPMorgan for help with any potential sale of the company, according to anonymous insiders. The move follows a 19% drop in GoPro's share price, after it said it was trimming roughly 20% of its workforce, and reduced Q4 guidance from $470m in revenue to $340m, due to slow Christmas sales. Shares have fallen by more than half since last year, when they hit an all-time high above $1,000.
US tech firm GoPro has called on JPMorgan for help with any potential sale of the company, according to anonymous insiders. The move follows a 19% drop in GoPro's share price, after it said it was trimming roughly 20% of its workforce, and reduced Q4 guidance from $470m in revenue to $340m, due to slow Christmas sales. CEO Nick Woodman told CNBC the firm would look at an acquisition by a parent company, but no details regarding any potential buyers or discussions have been released.