NEW YORK, NY / ACCESSWIRE / April 13, 2018 / Shares of GoPro saw big gains on Thursday after Wall Street learned that a Chinese electronics firm may be interested in buying the camera maker. Shares of Netflix also saw gains. The streaming company is reportedly looking to bid on a Los Angeles billboard company to help it save in advertising.

RDI Initiates Coverage on:

GoPro, Inc.
https://rdinvesting.com/news/?ticker=GPRO

Netflix, Inc.
https://rdinvesting.com/news/?ticker=NFLX

GoPro, Inc. shares closed up 7.19% on about 8 million shares traded on Thursday. The camera maker saw gains after a news report revealed that Xiaomi, a Chinese electronics firm may make a bid for the company. According to the report, GoPro could get as much as $1 billion. Its current market capitalization is around $750 million. CEO Nick Woodman has earlier said he is open to a deal. It was also last month that the company partnered up with Jabil, a contract manufacturer. GoPro's chief technology officer, Sandor Barna, remarked, "This collaborative approach with Jabil will enable innovative, GoPro-enabled products and services from some of the most exciting hardware and software companies out there. Imagine a world where video conferencing, robotics, and even self-driving cars are powered by GoPro's camera lenses and image sensors. Together, GoPro and Jabil can make this a reality."

Access RDI's GoPro, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GPRO

Netflix, Inc. shares closed up 1.84% on about 9.3 million shares traded yesterday. According to reports last week, the streaming giant may be bidding for a company that owns billboards across the city of Los Angeles called Regency Outdoor Advertising. Netflix is reportedly going to spend as much as $300 million for the company that could save it on advertising costs in the future. In other news, Netflix could also be in hot water as a shareholder is suing the company for allegedly giving some of its highest-ranking executives bogus bonuses. The lawsuit alleges that Netflix had used global streaming revenue to set its executive officers' performance goals and "set global streaming revenue goals to amounts they knew the company was substantially certain to achieve, so that the compensation process was rigged and resulted in the overpayment of bonuses." The lawsuit also states, "Through their conduct, defendants rigged the compensation process, guaranteeing Netflix officers huge cash payments while misleading investors into believing that these payments were justified by attainment of real performance goals."

Access RDI's Netflix, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=NFLX

Our Actionable Research on GoPro, Inc. (NASDAQ: GPRO) and Netflix, Inc. (NASDAQ: NFLX) can be downloaded free of charge at Research Driven Investing.

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