Business & Finance
Markiplier acquires 8.5 percent stake in GoPro
YouTuber Mark Fischbach has become the camera manufacturer's largest individual shareholder, citing the company's valuation and accessible filmmaking.
The short version
- YouTube creator Mark "Markiplier" Fischbach acquired an 8.5 percent stake in GoPro.
- The acquisition makes Fischbach the single largest shareholder in the camera manufacturing company.
- Fischbach stated that he views GoPro as undervalued and sees the investment as part of an effort to expand access to filmmaking.
Key facts
- Mark Fischbach bought an 8.5 percent stake in GoPro, rendering him the company's largest individual shareholder.[The Verge]
- Fischbach told Bloomberg that he considers GoPro to be undervalued and intends to support accessible filmmaking following the release of his feature film Iron Lung.[The Verge]
- Fischbach recently published a video praising GoPro's Mission 1 ILS camera, which featured an affiliate purchasing code.[The Verge]
What remains uncertain
- It remains unstated whether Fischbach intends to seek an active operational role or board seat at GoPro.[The Verge]