GoPro Zooms 34% Higher on Starman Optical Merger and Markiplier Stake; Coherent Climbs 7%, Lumentum Gains 3%

GoPro Zooms 34% Higher on Starman Optical Merger and Markiplier Stake; Coherent Climbs 7%, Lumentum Gains 3%

GoPro is surging on a merger that turns a camera company into an optical-transceiver play, and a famous YouTuber just became its largest individual shareholder. Here is what the move actually means against a backdrop of proven incumbents already delivering billion-dollar datacenter revenue.

GoPro's Founder Promises It Isn't Done Making Consumer Cameras

This morning, GoPro's founder Nick Woodman published a letter to GoPro's website addressing concerns about the future of the company and how the choice to be acquired by Starman Optical will affect the products the company is best known for.

GoPro stock soars 200% after Markiplier stake, $285M Starman deal

GoPro stock GPRO has surged in recent sessions after the struggling action-camera maker announced a $285 million cash merger with Starman Optical, a privately held photonics company. Earlier, YouTube creator Mark Fischbach, better known as Markiplier, revealed an 8.5% stake in the company, making him the single largest stakeholder in the company. GoPro shares have rallied sharply as investors reacted to both developments. The stock has gained ne…

GoPro’s CEO says the company isn’t done with cameras despite its merger promises

The company’s announcement earlier this week placed a lot of emphasis on AI and national security. GoPro GoPro’s merger with Starman Optical doesn’t mean the company will stop making action cameras, according to a letter from the action cam company’s CEO, Nick Woodman. Earlier this week he said the company planned to address “important areas of national security related to cameras, optics and AI infrastructure,” but now tells the GoPro commu…