hear: what voice you
beside me is cory johnson,
bloomberg editor at large.
what's going on here?
cory: the big story is in the
failure of the latest camera and
the competition in the
marketplace is substantial.
as i was walking down the
electronics show in los angeles,
everyone had a high depth
camera.
a tracker, drone, and high depth
camera.
the story that went public is,
yeah, we sell cameras on a
stick, but just wait, we will be
a media company.
look, we make media, so we will
be a media company.
give us a media valuation, not
the evaluation for a camera on a
stick.
when that story started to fade
and the realization was
painfully evident --
betty: they were not
immediately.
not a mediawere
company.
for that reason we can
start to tease out a different
future not just for go pro.