GoPro, known for their wearable cameras, announced Thursday that it would temporarily stop selling its newest camera, the HERO5, to Amazon. Prior to that, GoPro shares were down 15 percent the past week. What’s going on? Is GoPro in trouble?
Read The Capitalist’s Take Here
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WELLS FARGO CEO JOHN STUMPF FINALLY RESIGNS; WALKS AWAY WITH $133 MILLION
Even though he left on a low, John Stumpf, former CEO of Wells Fargo, will take about $133.1 million into retirement. The beleaguered executive retired Wednesday afternoon as investors, lawmakers, and consumers grew increasingly frustrated with how Stumpf handled the fallout of the bank’s phony account scandal .
Read More From Fortune Here
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VERIZON SAYS YAHOO HACK “MATERIAL”; COULD AFFECT ACQUISITION
Verizon Communications Inc said on Thursday it has a “reasonable basis” to believe Yahoo Inc's massive data breach of email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to buy the technology company.
From Reuters Here
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-Thursday, October 13th
Stocks Close Lower following the Federal Reserve’s latest meeting and weak Chinese economic reports.
Big Insider Trades
-SalesForce.com, Inc. (CRM) CEO Marc Benioff Sells $885k
– Ruby Tuesday, Inc. (RT) Execs Buy $570k