Mentioned:
One of the most popular creators on YouTube has a new ambition: GoPro.
What’s happening:
- Popular YouTube creator Mark Fischbach has filed a Schedule 13G with the United States Securities and Exchange Commission disclosing a 8.5% ownership stake in GoPro's (NASDAQ: GPRO) Class A shares
By the numbers:
- Mark Fischbach owns 13.5M Class A shares in GoPro which are currently worth roughly $7.8M USD
Why it matters:
- This is the first time ever that Mark Fischbach has publicly disclosed that he has an ownership position in GoPro
Going deeper:
- GoPro founder Nick Woodman is still the single largest shareholder of GoPro with approximately 27M shares and roughly 60% of the total voting control in the company through Class B stock
- GoPro has also publicly stated they are running a sale process with investment bank Houlihan Lokey and that they are currently in advanced discussions with multiple potential acquirers
The fine print:
- Mark Fischbach has not publicly stated if he plans to have any direct involvement in GoPro’s operations or business in the immediate future as part of his investment in the company
