GoPro expresses substantial doubt about its future operations due to rising memory costs and declining sales

GoPro faces substantial doubt about its ability to continue operations for the next 12 months due to rising memory costs and declining sales. The action camera maker cited a significant increase in memory expenses and production cuts from suppliers as key factors impacting its financial stability. GoPro is exploring strategic options including asset sales and restructuring, and has announced plans to reduce its workforce by approximately 23%.