Insta360 spent $298m on memory chips in six months. GoPro’s shareholders are getting $285m in cash for the entire company.

Insta360 spent $298 million on memory chips over the first six months of the year. GoPro shareholders received $285 million in cash for the entire company. The Chinese camera maker opened its first U.S. store at 1515 Broadway in Times Square, following a Tokyo shop launched in August.