GoPro plunging after reports that camera mounting may have caused Michael Schumacher's accident

[Liberal_in_LA]

http://money.cnn.com/2014/10/14/investing/gopro-stock-bubble-burst/index.html?hpt=hp_bn6&iid=obnetwork

Remember when GoPro shares went up nearly every single day regardless of what was happening in the broader stock market? Those days are over.
Since hitting an all-time high of $98.47 on October 7, GoPro (GPRO) stock has plunged more than 20%. The bubble has burst.

Shares fell nearly 10% on Monday alone after reports surfaced that a GoPro camera may have caused a brain injury in a well-known German race car driver

Formula One driver Michael Schumacher's skiing accident in December left him in a medically-induced coma for several months. He is now being treated at home.


According to reports in several British newspapers, French journalist Jean-Louis Moncet claimed after visiting with Schumacher's son Mick that it was the mounting of a GoPro camera the elder Schumacher was wearing that caused his brain injury.

[dilby]

1. It's an interesting argument but is it the fault of the camera?

I have been thinking about this for some time and I really don't see how gopro is at fault, they produce a product that is not intended for safety. You can use a gopro with or without a helmet. Helmet manufacturers should state if their product can be used with a gopro, if anything it might make helmet manufacturers produce a line of helmets specifically targeted towards gopro users.

[jberryhill]

2. Helmet manufacturers are pretty clear about mounting anything

I believe you will find unanimity among helmet manufacturers to the effect that they are neither rated nor tested for use with anything mounted on them.