YouTuber Markiplier says he'd vote against GoPro's merger, though he stands to get a $15 million check from it
YouTuber Mark "Markiplier" Fischbach said he hopes that GoPro doesn't stray away from its camera roots after merging with an optical-photonics firm.
YouTube personality Markiplier expressed disappointment and would vote against camera company GoPro's merger with optical transceiver company Starman Optical. The proposed deal would result in Markiplier receiving a $15 million cash payment from the merger, as he currently holds an 8.5% stake in the company. Markiplier, whose real name is Mark Fischbach, is a well-known YouTube creator with nearly 40 million subscribers.
He first gained attention for his stake in GoPro, which increased to 8.5% after learning about the company's plans to release a camera with professional cinema capabilities. Fischbach's investment in GoPro led to a meme-stock rally, and he became the largest external shareholder of the company. Despite his enthusiasm, Fischbach has concerns about the potential shift in GoPro's focus towards unrelated business lines following the merger. GoPro's stock closed at $1.42 per share on Wednesday.
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