Maybe Xiaomi will buy the GoPro?

It’s not considered an April Fool by many, so the GoPro’s price jumped a bit on the stock market.

GoPro is an American company, founded in 2002 by Nick Woodman. The company was built on a single but even more innovative product that was the ancestor of all sports cameras available today. In addition, the small and extremely durable cameras produced excellent image quality compared to the kunkers.

Then in recent years, the company has embarked on a strong deep flight. The knowledge of their cameras was no longer outstanding, in fact, a Chinese rival had already caught up with them. They also tried their hand at the drone business, but a 4-propeller drone called Karma became a nasty fall. After a hard start to sales, it turned out that something was wrong with the electronics, and the expensive birds crashed into the ground in a row after their engine stopped in flight. The punch of grace was finally brought in by the DJI when, following their Karma debut, they introduced their drone called Mavic Pro, which tickled Karma in every way.

In recent years, GoPro has been unable to present anything new, somehow they have not found their way, innovation has been exhausted. As a result, the company, once worth $ 10 billion, is now worth just $ 760 million, and the company’s stock price is ranching under the frog’s ass. Nick Woodman, fleeing credit and collapse, has hired investment bank JPMorgan Chase & Co. to find a buyer for the reputable but increasingly worthless company.

Well, according to a leaked information, Xiaomit would be interested in the deal. As a result, GoPro shares soared to long-standing highs, rising about 8,8 percent. Xiaomi has been quickly refuted, but for the time being, it is not possible to know that they just want to cool the mood so that stock prices don’t get off or they really step back from the business.