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

Insta360 opened its first American store on Saturday at 1515 Broadway, in the middle of Times Square. It is the company’s second self-operated shop outside China, after Tokyo in August. The ribbon-cutting is the least interesting part.

Source: [TNW](https://thenextweb.com/news/insta360-times-square-memory-bill-gopro-price)