GoPro Zumanjaro2

Shares of GoPro are getting crushed after the company's first quarterly earnings report since going public.

The stock was down about 12% after last night falling 10% following the report.

GoPro reported adjusted earnings per share of $0.08, topping estimates for $0.07. Revenue in the second quarter totaled $244.6 million, beating estimates for $238.1 million.

On a "GAAP," or unadjusted basis, however, GoPro lost $0.24 per share. 

Since debuting in June, GoPro shares have been on a tear, gaining about 100% since the IPO. 

Yesterday, the stock closed just below $48, just about doubling the market cap of the company since shares priced at $24 in their initial public offering.

Currently, GoPro's market cap is about $9.5 billion. 

GoPro post-earnings August 1

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elon muskThe most important piece of information from Tesla's Q2 earnings call Thursday night might have been...the absence of information. 

In its shareholder letter released after the bell, Tesla said it would end up spending $1 billion in 2014. It saw $2 million net cash flow from operations in Q2. And it now has  $2.7 billion in cash reserves. 

So during the call, Deutsche Bank's Rod Lache asked about the trajectory of Tesla's spending and costs beyond this year.

CFO Deepak Ahuja first responded by saying that as Tesla's projected near-tripling of deliveries by the end of 2015 unfolds, operating expenses as a percentage of revenues would improve.

Then Musk jumped in:

Yeah. In the past...we've shown all of our cards, so people have kind of gotten used to us showing all of our cards. We're not currently showing all our cards.

"Okay. All right. Well, thank you," Roche responded, according to SeekingAlpha's transcript

A few minutes later, Goldman Sachs' Patrick Archambault asked specifically about research and development spending in the shorter-term. Once again, Ahuja replied first, explaining the company was spending on "many exciting things," and referenced the Model X electric crossover utility vehicle.  

Then Musk said this:

Yeah. I mean another thing, our CapEx and R&D numbers are better than they appear because there are things you don't know about.

"Well, okay. A lot of interesting stuff to look ahead to," Archambault said.

What could Musk be referring to? In the shareholder letter he mentioned Tesla's ongoing partnership with Daimler to provide drive trains to Mercedes' new electric vehicle. Could there be more agreements with other automakers on the way? He also mentioned that once the Gigafactory is up and running the cost of Tesla's batteries would start declining. But groundbreaking on the Gigafactory itself remains months away. 

We're not sure what the precedent for this kind of language is. But many investors believe Tesla is changing the planet. In a note this morning, Tesla bull Adam Jonas declared the company "could very well be [the] most important car company in the world." 

"While there remains significant near-term execution risk into the pace of the 4Q production ramp [Tesla lowered its Q3 delivery guidance] to make the full year target [of 35,000 vehicles delivered]," Jonas wrote, "we see no new reason to be negative on the stock and would buy weakness."

So if anyone can get away with talking like this, it's Elon Musk.

SEE ALSO: The Rise And Fall Of Tesla

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Prosthetic limbs have been around for centuries, but the prosthetics of today don't look like those from your grandfather's day. These days limbs can be bionic, almost seamlessly blending in with their wearer in form and function. Limbs can incorporate... Read the rest of this entry »

Moving can be a huge pain — and this was my third move in just 14 months. So you might say I'm a bit of a moving veteran.

But after just two hours on Thursday, I could easily say this was the smoothest move I'd experienced, thanks to two college students sent by a new moving startup called Bellhops.

About a month ago, I made my reservation online. I was just moving across the street (much easier than when I moved to NYC for the first time), so I selected "Local Move" and asked for two Bellhops, which cost $80 an hour ($40/hour per student).

You just have to make an $80 deposit (which goes to your first hour of moving), and the rest is charged after you confirm the duration of your move.

So a month later, I got an email from Bellhops telling me the names of the two students who'd be helping me move out. And the day prior, I received a call from one of the students, who introduced himself to me and made sure I reserved the elevators.

At 3:15 (fifteen minutes early) on moving day, I got a call from Sorab Kochhar, my move captain, saying he and Jake Salerno were at my building.

Meet my two Bellhops, Sorab (left) and Jake. They're both seniors at Rutgers.

Bellhops

They were both super nice the whole time, and they even brought me a water bottle (despite the fact that they were really the ones doing most of the heavylifting).

Bellhops

Sorab is the campus leader for Rutgers, and he's been working for Bellhops since January. He's majoring in IT and economics, and he loves the flexibility Bellhops allows him. He can choose to work on as many moves as he wants. Sorab is in charge of recruiting all the Bellhops for Rutgers, many of which are his brothers from the Phi Delta Theta fraternity.

Bellhops

Jake prides himself on holding the top position on the Rutgers leaderboard, having worked on eight or nine of Rutger's 14 Bellhops moves. Jake is majoring in Material Science and likes working for Bellhops because he gets to be his own boss.

bellhops

Sorab and Jake are two of more than 8,000 student movers that work for Bellhops in more than 121 cities in 42 states.

Bellhops

I can't speak for those other 8,000 student movers, but Sorab and Jake did a great job moving me into my new apartment — and they did it in just two hours. The last time I moved, my mother and two brothers all had to pitch in — on top of a mover — and let's just say it took much longer than two hours. Granted, this move was just across the street, but it was such a pleasure to sit back and let Bellhops take care of everything.

Bellhops

 #movingselfie 

bellhops

SEE ALSO: 11 Startups We Wish Existed

SEE ALSO: The Most Successful College Fraternities In Tech

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Tesla shares were up 2% Friday morning after the electric car manufacturer reported adjusted earnings and revenue ahead of expectations. It was only the 17th quarterly filing in the company's history. But in the past two years, the firm has seen some r... Read the rest of this entry »

iowa

I rode my bike across Iowa last week.

For the past 42 years, an Iowan newspaper called The Des Moines Register has organized an annual week-long bicycle trip that sees some 10,000-15,000 people ride their bikes from the Missouri River to the Mississippi, dipping one bicycle wheel in each per tradition.

It's called "Register's Annual Great Bicycle Ride Across Iowa," but you can call it RAGBRAI.

Maybe you're a well-to-do person ready to book rooms in small town Iowa every night so you can sleep in a bed and get a fresh shower every morning before taking to the road. But this seems to miss the spirit of the event. You gotta camp to do it right, and long-term camping presents two major problems for the internet-addled contemporary human who insists on a certain degree of comfort in his daily life: how to charge your phone, how to find a bathroom.

That phone-charging problem is solved quite easily with help from a solar charger (and this is especially true if that solar charger has a battery that stores enough juice to fully recharge your phone twice). This Wirecutter review made the case pretty clear — get the Cobra CPP 300. Almost everything else is just messing around.

dylan's bike

Seventy dollars and two Amazon shipping days later, I'm holding a Cobra CPP 300 in my hand. It's large without being obnoxious and heavy, a huge credit to its design (in the solar energy world, "large" is something to aim for as a larger photovoltaic array will catch more sunlight and generate more electricity). It folds open to reveal its two solar panels, and if there's enough sunlight present, it will instantly start charging its battery. This happens passively, there's no button to push to engage "charging mode" or whatever.

A small red LED lights up on the device to let you know, "Hey, I'm getting enough sunlight to charge my battery! Soon you can use me to power your phone as you check Twitter during a bike ride through pastoral American heartland!"

The charger was robust enough to survive being latched to the front of my bike and take the slight (but constant) jostles that go along being attached to a vehicle in motion.

I used MapMyRide to track RAGBRAI distances and elevation, so this meant my phone would constantly be pinging GPS services to track its location and rate of travel, hitting the battery hard. And when you're a mildly obsessive data nerd like me, you want the whole day's riding recorded as one workout, so this solar charger had better work.

Over the course of my ride, my routine became to run my iPhone off its internal battery until it hit the red "20% charge remaining" indicator. Then I'd turn on the solar charger by hitting its one external button to charge the phone back up, being sure to turn the charger off when my phone was at or nearing full battery life.

While the phone runs off its rejuvenated battery, the solar charger gets back to the near-witchcraft of charging its own internal battery by collecting sunlight. You might say my phone was only ever running down its battery, while the solar charger's was only ever running up.

The Cobra CPP 300 met all my expectations and then some, but to get the most out of it, you need to do a little planning ahead. You'll almost certainly be taking juice out of the charger's battery faster than the sun can replace it (even though that slow, steady restoration from the sun helps quite a bit). This means after a day's ride, my charger's battery was always nearing its bottom. An LCD display shows you the battery status. Four out of four black bars filled in? You're fully charged. Just one? You're hosed, and now it's too dark outside to recharge!

Never fear: the Cobra CPP 300 has USB charging inputs for recharging its battery from any USB port or electrical outlet. I had a standard Apple USB-to-outlet converter that I used to charge it off of our group's generator each night. If you can plan ahead such that you've got access to electricity at night, you can still recharge your solar recharger, sun be damned. This means I got to start the next day's ride with both the phone and the charger bursting with battery life.

The Cobra CPP 300 is a solid buy for anyone going on extended outdoor adventures. The fact that it can also be recharged in an outlet means that if you think to charge it the night before, you're totally covered for the next day's electricity demands.

I had zero problems keeping my phone running all week. I spent the rest of my time looking for a bathroom.

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What do you think? The Evil Within releases on Microsoft Windows, PlayStation 3, PlayStation 4, Xbox 360 and Xbox One on October 14 in North America, October 16 in Australia and October 17 in Europe. Read the rest of this entry »

raspberry pi photo contestRaspberry Pi, the single-board computer that's the size of a credit card, is more widely known for its ability to teach computer science basics rather than for its photography.

But Adafruit, a company selling DIY electronics, saw the potential for Raspberry Pi owners to use the $35 computer in conjunction with a camera to produce pictures.

In its first annual Raspberry Pi photography contest, which we first saw on Gizmodo, Adafruit asked for Raspberry Pi users' best photos taken with a Pi. The contest had few rules: Anyone with a Pi could enter, and all photos had to be taken with Raspberry Pi and a Raspberry Pi camera or a webcam or a camera connected to the Raspberry Pi. The photos couldn't be altered using Photoshop or other editing software. 

One grand prize winner and 14 runners-up were announced on July 30. We picked the best 10 winning photos to show what can be done with a pocket-sized computer.

It might not look like much, but Charlie Galliher's entry is a picture of his last 8th grade Raspberry Pi class. "It's a Raspberry Pi tied to helium balloons tethered to the ground," he explains. His students built the operating system, made and ran the camera code, and downloaded the images — all in real time.



Mike Cook on his microscopic photo: "Ever seen two plants having sex? The Spirogyia does. Here are two exchanging packets of cells. Note it is a s'Pi'rogyia."



Matt Inglis ran a wedding photobooth using just a camera and a Raspberry Pi.

 



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apple-beats-welcome

Apple’s $3 billion purchase of Beats Electronics, which was announced in May, was finally completed on Friday. To celebrate, Apple updated its website with a new page officially welcoming Beats to the family.

Apple included the following message, and linked to the new Beats by Dre website:

Today we are excited to officially welcome Beats Music and Beats Electronics to the Apple family. Music has always held a special place in our hearts, and we’re thrilled to join forces with a group of people who love it as much as we do. Beats cofounders Jimmy Iovine and Dr. Dre have created beautiful products that have helped millions of people deepen their connection to music. We’re delighted to be working with the team to elevate that experience even further. And we can’t wait to hear what’s next.

Apple's message concluded with a link to the new Beats by Dre website. When you visit that link, you’ll see Beats has its own message:

There’s a new instrument in the Apple family. Musicians rely on their instruments to give structure and form to their imagination. At the dawn of digital recording, the Macintosh computer was the instrument of choice. At the beginning of portable digital music, the iPod placed the library of the world’s music in your pocket. The iPhone became not only an instrument for music but also the center of your connected life. The iPad extended this capability with a user interface and apps that allowed you to compose a symphony on the subway. Starting today, we at Beats are fortunate to add our instrument to this legacy by joining Apple. The products we build together will allow us to reimagine sound once again and to continue this great tradition of bringing imagination to life.

Beats’ website will continue to exist, but as part of the deal, Beats’ online store has been officially closed, and all Beats purchases are routed through Apple’s online store. 

It was reported earlier this week that Apple would lay off about 200 Beats employees; according to 9to5Mac’s Mark Gurman, development and creative roles are being kept, while support, finance, and HR workers are having less luck keeping their jobs.

Welcome to the family---Jimmy, Dre, Luke, Ian and the entire beats team! http://t.co/qECVlXlYQZ

— Tim Cook (@tim_cook) August 1, 2014

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bii historical average abandonment rate

Shopping cart abandonment — when shoppers put items in their online shopping carts, but then leave before completing the purchase — is the bane of the online retail industry.

But it's also a huge opportunity: Approximately $4 trillion worth of merchandise will be abandoned in online shopping carts this year, and about 63% of that is potentially recoverable by savvy online retailers, according to BI Intelligence estimates. 

In a new report, BI Intelligence explains what leads a shopper to abandon an online purchase and how retailers can begin to combat rising shopping cart abandonment rates. We collected and analyzed data from top e-commerce companies, and spoke with industry experts whose job it is to reduce abandonment rates and boost conversions, to come up with a number of solutions that can help retailers recover lost sales. 

Access the Full Report by Signing Up For A Free Trial Today >> 

Here are some key points from the report: 

In full, the report: 

For full access to all BI Intelligence's charts and analysis on the e-commerce industry — including downloadable Excel files — sign up for a free trial.

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