Action camera maker GoPro is merging with private photonics company Starman Optical and joining the AI wave.
  • verily@lemmy.dbzer0.com
    6·
    10 days ago

    This announcement will make YouTuber Markiplier $24,225,000 richer.

    As part of the deal, the company’s shareholders will receive a $285 million cash payment, or $1.14 per share, and the stock will remain listed on the Nasdaq.

    One of the shareholders benefiting most from the news is Youtuber Markiplier, who acquired a massive 8.5% stake, according to a July 13 filing. Private equity firm BlackRock also disclosed a 6.4% stake earlier this summer.

    • Chahk@beehaw.org
      4·
      9 days ago

      Alternative to what? DJI, Insta360, and many others have been eating GoPro’s lunch in action cam market for a decade now.

      Other than promises, what did GoPro actually make in the last 5 years that was better than the competition?