GoPro CEO Promises 'More Cameras' After Merger, Names None
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GoPro founder and CEO Nick Woodman published an open letter Thursday telling customers the company will keep building cameras after its merger with Starman Optical. The letter, posted to GoPro's news blog and addressed to "our GoPro community, fans and customers," says GoPro plans to deliver "more innovative cameras, smarter accessories, and more powerful software and services" once the deal closes. It names no camera and no date. The letter arrives two days after GoPro agreed to sell 90% of itself to Starman for $285 million, a deal that points the 24-year-old camera maker at AI data center, government, defense, and aerospace markets. Woodman opens by acknowledging "some concern" about GoPro's post-merger commitment to camera development. He then spends five paragraphs saying that commitment is intact. On Tuesday, I wrote that the word to watch in GoPro's merger announcement was "existing," because supporting existing products is a different promise than shipping new ones. Woodman's letter answers that directly. The answer is a promise of more cameras, with nothing attached to it. The September 3 letter commits GoPro to "more innovative cameras" without identifying a model or a date. It attributes the future to Starman's balance sheet, says Starman shares GoPro's passion for the brand, and closes with the "Be a HERO" slogan. Each camera sentence is a plan or an expectation...
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