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GoPro Soars 22% as YouTuber Markiplier Becomes Its Largest Shareholder
- On Sunday, YouTube star Mark Fischbach, known as Markiplier, became GoPro's largest single shareholder after acquiring an 8.5% stake in the struggling action-camera company.
- Fischbach, who self-financed his $50 million box-office success Iron Lung with a $3 million budget, called GoPro "undervalued" and said the investment supports his mission to make filmmaking more accessible.
- Following his public camera review last week, GoPro shares surged 22% on Monday as investors reacted to the disclosure of Fischbach's significant ownership position.
- The company's auditor, PricewaterhouseCoopers, recently expressed "substantial doubt" about GoPro's financial future, citing a $51 million quarterly loss and revenue declines of 31.3% year over year.
- Operating with a valuation of roughly $110 million, GoPro faces competitive pressure from industry giants Sony and Garmin, plus ongoing concerns about maintaining its Nasdaq listing.
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BizTocGoPro stock soars after YouTube star Markiplier becomes large shareholder: How high will GPRO go?
Shares in GoPro Inc. (Nasdaq: GPRO) jumped yesterday and are again up significantly in premarket trading today after it was revealed that the megastar YouTuber Markiplier has become the largest individual shareholder in the struggling action camera maker. Here’s what you need to know. What’s happened? Over the weekend, Bloomberg reported that Mark Fischbach, better known as Markiplier, a YouTuber, acquired an 8.5% stake in GoPro. This stake make…
·New York, United States
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Total News Sources23
Leaning Left4Leaning Right1Center4Last UpdatedBias Distribution45% Left, 44% Center
Bias Distribution
- 45% of the sources lean Left, 44% of the sources are Center
45% Left
L 45%
C 44%
11%
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