GoPro shares rebound

September 24 00:07 2015

Shares of GoPro reversed course Wednesday after a Barron’s report help push the high definition camera maker’s stock price down at the start of the week. GoPro. Shares jumped 1.3% in pre-market trading, halting losses prompted by a Barron’s report claiming the stock could fall to $25. After surging above $90 last October, GoPro stock has plummeted. As of Wednesday morning, GoPro stock is trading around $33.Gopro-corporate-display-

Facebook. The social network’s photo sharing service Instagram topped 400 million users. Instagram announced the milestone in a statement Tuesday. More than 75% of users live outside the U.S., with users sharing 80 million photos per day.

Cisco. The company is planning to partner with Chinese server maker Inspur Group to expand its reach in the country, reports The Wall Street Journal. The partnership could involve Inspur selling Cisco gear, and the possibility of the two jointly creating hardware.

Groupon. The daily deals service will cut 1,100 jobs and stop operations in seven countries. Most of the positions cut are tied to customer service and international sales. The cuts represent 10% of its workforce.

Microsoft. The founder of email app Acompli has been tapped to take charge of engineering for Microsoft’s Outlook, reports Re/code. Microsoft acquired Acompli last December.