Ctrl Me Robotics

Snap Inc (NYSE: SNAP) rocked the camera space this week on news of its quiet acquisition of drone company Ctrl Me Robotics. But the 2016 purchase and implicit shift in focus don’t necessarily warrant concern for GoPro Inc (NASDAQ: GPRO) and other competitive camera firms. Wedbush Analyst's...

Snapchat parent company Snap Inc (NYSE: SNAP) acquired drone company Ctrl Me Robotics last year in an under-the-radar, "under $1 million" deal, according to Buzzfeed. News of the deal likely makes GoPro Inc (NASDAQ: GPRO) investors nervous in light of Snap’s decision to rebrand...