GoPro stock is $5 a share, was $87 4 years ago
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Poast new message in this thread
Date: December 5th, 2018 4:18 PM Author: comical gaping
CEO is a fucking criminal. Selling at a peak during a lockup ahead of investors
https://www.inc.com/associated-press/gopro-shares-fall-as-ceo-donates-shares-to-charity.html
Shares of GoPro Inc. slid Thursday after the sports camera maker's founders said they were donating 5.8 million of their shares to a foundation they had just created, surprising investors.
Nicholas Woodman, GoPro's CEO, and his wife Jill Woodman are breaking what's known as a lock-up agreement to make the transaction.
Lock-ups prevent company insiders and early investors from selling their shares immediately after an initial public offering. They're made to make sure that a new stock's price is stable before more shares flood the market.
GoPro's early backers aren't supposed to sell their stock until December, 180 days after the company's June IPO.
But J.P. Morgan, one of the banks that managed its IPO, agreed to let the Woodmans out of the lock-up agreement, GoPro said.
Breaking a lock-up agreement is not unusual, said Kathleen Smith, exchange-traded fund manager at IPO research and investment firm Renaissance Capital. But it may have reminded investors that the lock-up period is ending soon, giving investors an excuse to sell the stock after its big recent gains, she said.
Shares of San Mateo, California-based GoPro fell $6.34, or 6.9 percent, to close at $85.46. GoPro's shares have more than tripled since their IPO price of $26 in June.
(http://www.autoadmit.com/thread.php?thread_id=4149675&forum_id=2...id.#37355708) |
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Date: December 6th, 2018 2:45 AM Author: lilac property wagecucks
Just like any other camera company, GoPro keeps developing units with better resolution and other features like in-body stabilization.
The footage from the GP Hero 7 is phenomenal and far outstrips the older models.
That said, I'm not going to buy one.
(http://www.autoadmit.com/thread.php?thread_id=4149675&forum_id=2...id.#37358959) |
Date: December 6th, 2018 2:33 AM Author: copper selfie
SINCE Boomers have enabled relative Chinese tech equivalence; and
SINCE China cares little about IP-type protections.
Is there any doubt that any such technology will be quickly commoditized?
(http://www.autoadmit.com/thread.php?thread_id=4149675&forum_id=2...id.#37358929) |
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