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Sonos will attempt to avoid the same fate suffered by fellow hardware companies FitBit and GoPro, whose share prices have dropped 80% since they went public

4 monthes ago   |   By Business Insider

Sonos' IPO last week showed a promising forecast for the home audio system company, with shares eventually level ling out to about $19.
The company is now valued at $1.5 billion , but investors are concerned about Sonos' long-term endurance as it gravitates toward producing products with longer shelf lives, which result in longer replacement cycles.
As this chart from Statista shows, the track record of other consumer hardware companies like Fitbit and GoPro is a trajectory that Sonos should avoid. Both companies saw encouraging IPO results before declining sales eventually caused share...
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NASA is about to launch a $1.5 billion probe to 'touch the sun' and study our star's mysterious, blazing-hot atmosphere

NASA is about to launch a $1.5 billion probe to 'touch the sun' and study our star's mysterious, blazing-hot atmosphere

4 monthes ago   |   By Business Insider

NASA/JHU/APL
NASA plans to launch a robot on Saturday that will fly closer to the sun than any mission in history.
The Parker Solar Probe will use a high-tech heat shield to avoid being destroyed.
The probe is designed in part to study the sun's ultra-hot outer atmosphere, called the corona , among other mysteries.
The mission may help scientists predict space weather events that can wreak havoc on Earth.
NASA is about to launch a $1.5 billion space mission to "touch" the sun and study its atmosphere , solar wind , and other mysteries.
The Parker Solar Probe is scheduled to launch on...
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Welcome to Georgia

Welcome to Georgia

Georgia – Tbilisi has been the capital city since the fifth century, the country of one of the most ancient histories and cultures in the world. Its special geographical... Read more ...

The 5 best cities for celebrating New Year's Eve in Europe

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Air India Express launches its new route to Kannur from Abu Dhabi...

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Dead, For America: 2019 BMW 3 Series Wagon

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Sunday's Best Deals: Kindle Sale, Philips Hue Bulbs, Dyson Vacuums, and More

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Jet Airways Announces Codeshare With Flynas

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Jet Airways, India's premier full service, international airline, and ‘flynas', Saudi Arabia's first budget airline, have entered into an extensive codeshare partnership to... Read more ...

China is furious and global markets are in an uproar as the daughter of one...

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Jeff Vinnick/Getty Images China is furious, the markets are beside themselves, and after a pretty ordinary performance by her lawyers on the second day of a bail hearing, the... Read more ...

5 missing US Marines declared dead after plane crash off the coast of Japan

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The US Marine Corps called off its search for five missing Marines on Monday, after a F/A-18 Hornet fighter and C-130 Hercules cargo plane collided during a refueling exercise... Read more ...

Rottnest Island visitors to enjoy discounted fares for afternoon return trips

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Visitors to Rottnest Island in Western Australia will be able to enjoy discounted fares for afternoon return trips on Rottnest's three ferry providers. This offer can be... Read more ...