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GoPro joins AI bonanza with pivot into data centers as shares skyrocket 40% (www.cnbc.com)

submitted 11 hours ago by themachinestops@lemmy.dbzer0.com to c/technology@beehaw.org

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cross-posted from: https://lemmy.dbzer0.com/post/75217466

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[–] verily@lemmy.dbzer0.com 4 points 7 hours ago* (last edited 1 hour 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.