GoPro shares plummet after ugly earnings report

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GoPro reported that its full-year revenue fell 22% to $1.2 billion in 2016 from $1.6 billion in 2015. GoPro closed out the previous quarter with a rash of bad news. After the company’s poor Q3, GoPro CEO Nick Woodman announced that he was shuttering the action sports camera maker’s entertainment division, which cost the company 15% of its work force, or 200 full-time jobs.

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