President Trump lambastes Twitter, Google and other technology giants for what he claims as their efforts to stifle him.US Economyread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.World Economyread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
The first debates will give most of the contenders their biggest platform yet to present themselves to the American people.Politicsread more
The stock market is shrinking for several key reasons, but there's a way for investors to maneuver it, says Citi Research strategist Robert Buckland.Trading Nationread more
That's the problem Boeing employees at the company's Renton, Wa. factory are dealing with as the aircraft manufacturer tries to figure out where to put 100 grounded 737 Max...Airlinesread more
The Supreme Court refused to overturn a precedent that strengthened the power of government regulators in a closely watched case that could have had broad ramifications for...Politicsread more
Apple made Comcast and Charter agree to sell iPads, Apple TVs and other lower-volume devices as part of the cable companies' deal to offer the iPhone on their mobile service.Technologyread more
President Trump says "I hope we don't" have a war with Iran but it "would not last very long."Politicsread more
The consumer electronics firm lists on the tech-heavy Nasdaq later on Thursday after pricing its IPO at $24 a share on Wednesday. That was at the top of an expected range of $21-$24, putting GoPro's value at up to $2.96 billion.
GoPro's Hero brand camera has proved popular with athletes, surfers, cyclists and skateboarders. A push into social media, with videos uploaded onto Facebook and YouTube, is also doing well. For instance, GoPro's YouTube channel had over two million subscribers and 50 million views in the first quarter.
"The real value for the company is likely to be on the content and how that content is displayed and how many people see it. That will be what drives this IPO," Rob Enderle, president and principle at Enderle Group told CNBC Asia Thursday.
"A hardware company doesn't pull much interest now even one as popular as GoPro, but a company that can showcase their internet shots to become a mini YouTube– that can pull a lot of cash," he added.
Tim Seymour, CIO at Triogem Asset Management in New York, said one concern is how GoPro would "monetize" and successfully convert users into content providers.
"While they have a brand name that can be extended, this to me on a multiple factor is absurd," he said, referring to GoPro's valuation. "We are at a place where some of these stocks are being weighed against their functional reality and I think this is a case where the market is off sights."
Enderle at Enderle Group added that GoPro was probably six months to a year away from seeing profits from its media content.
"They may come up with a partner to market activity and get more people watching their videos rather than just taking them. They are on track to do that, but there are several steps to go before you become a media power house," he said.
GoPro, whose cameras have been endorsed by Olympic gold medal winning snowborder Shaun White, reported an 8 percent rise in revenue to almost $236 million in the first quarter of this year. Net income fell to $11 million from $23 million.
"I think the way to think about the media business is they can certainly turn on ads at any point on some of their YouTube videos. But I also think [there is] enormous amount of strategic value to YouTube," Dougherty & Co. analyst Charlie Anderson told CNBC's "Fast Money " on Wednesday.
GoPro is the first consumer electronics firm to list in the U.S. since headphone maker Skullcandy's 2011 IPO, according to Reuters.
Its listing also comes amid a flurry of IPO activity and generally upbeat sentiment towards equity markets.
"This [GoPro IPO] is more representative of how hot the market is right now," said Enderle. "There are a lot more investors for this kind of property than there are these properties to invest in and the end result is that they can come out and do very well."