Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
GoPro founder and CEO Nick Woodman said Tuesday his company is growing its ecosystem, defending market share and partnering with top tech companies to deliver new services to consumers.
As such, investors should pack away the notion that GoPro is a one-trick pony, he said, responding to a Barron's report that sounded a cautionary note on shares of the company.
"I've been hearing that for 13 years since I started GoPro, and I think that we've done a terrific job of growing an ecosystem of products that help the world capture and share itself like never before," Woodman said during an interview on CNBC's "Fast Money: Halftime Report."
Woodman ticked off a list of milestones: five cameras launched in the last 11 months, more than 60 complementary mounts and accessories, a galaxy of third-party products and apps, and GoPro's recent push into software.
"I think to say that we're a one-trick pony is shortsighted," he said. "The content that the world loves has grown so much value into our brand."
Barron's said in a report on Sunday GoPro shares could plunge to $25 from a recent $35 as its latest product launch underwhelms consumers and competition comes on strong.
Shares of GoPro are down 48 percent this year.
Barron's said investors in GoPro are "skittish" about the company's ability to ward off competition from Apple, which has upgraded the camera on its iPhone to produce more high-resolution video.
Woodman told CNBC investors they should take note of GoPro's past performance against the competition. He asserted that competition from the likes of Sony had only served to drive awareness of GoPro-like products.
Woodman said that when Sony runs ads at Best Buy, for example, "we sell more product because Sony drives more customers into the store, but ... when those customers come into the store, and they see our merchandise, they end up buying GoPro," he said.
As for speculation that GoPro could be acquired, Woodman said rumors make for great headlines, but insisted any conversations with companies like Apple, Facebook and Google revolve around partnerships, not buyouts.
Woodman also defended GoPro's HERO4 Session, its smallest and lightest camera that launched in July. He noted that it was released out of cycle and said expectations that it would instantly become a top seller were unreasonable.
Investors should expect to see more marketing and messaging around the Session heading into the holidays, he added.
—Reuters contributed to this story.