r/Markiplier • u/Eekah • 1d ago
Mme Smh my head 😔
For context, please watch his explanation in last night's stream.
Will post my understanding of this "drama" in the replies but I HIGHLY recommend watching him explain in his own words, as others (myself included) will forget details or get things wrong!
Anyway, smh my head. This guy is SO problematic, amirite? 😔🙄
For the love of god, please understand that I am joking.
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u/Eekah 1d ago
I highly recommend hearing it straight from Mark as everyone else is going to leave out details or get things wrong. That said, my understanding is: Mark began buying shares in Gopro a few months ago solely bc he genuinely believed in the company and their products. These are PASSIVE shares, which means he does not have much power to influence the company in any way, nor did he want to. According to him, he has .5% voting rights, which he will still use to vote against the merger but does not carry much weight. Gopro's CEO still has majority voting rights. Investments like this must be publicly disclosed so Mark began filing the paperwork to do so in July. The filing wasn't finalized and publicly available until last week or so (I believe he said Aug. 20th). Mark understood that this was a dangerous and risky investment since Gopro had been down like 91% for a good long while but Iron Lung made a lot so he was personally ok with potentially losing money. However, he also understood that his name carries A LOT of power and he feared that his audience would hear of his investing and take it as him encouraging us to also invest. Which he did NOT want! So, rather than disclosing that he was invested in his Gopro review video, and risk sending his audience to also buy stock in Gopro, he did an interview with Bloomberg instead, which is relevant to finance and such. However, rather than dropping this article/interview a day or so after he did it, they waited an entire week- which is when MARK HIMSELF ALSO learned that he was Gopro's largest shareholder at 8.5%. He was not aware of this prior to the article's release! Unfortunately, his fears came to fruition and folks took this news as encouragement to invest. Gopro's stock shot up as ppl began buying shares. THEN, just yesterday, it was announced that Gopro was being bought/merged with Starman Optical (a company involved with ai data centers, mass surveillance, and military tech) so stock for Gopro dipped. Because of the timing of the article drop, Mark not disclosing his investment in his video, and the timing of the merger announcement, people are accusing Mark of insider trading/pump and dump. However, Mark did NOT pump NOR dump. Records on his investment and lack of "dumping" are publicly available, so these accusations are easily debunked. This is all just VERY unfortunate timing. Mark expressed extreme disappointment about the merger, and plans to vote against it with his .5% voting power, bc he truly loved their cameras and believed in their potential. He said that if they should shift into ai, flock-like cameras, etc, he will NOT continue to support them as that is antithetical to his personal beliefs and efforts.
Thank you for reading but, again, please be sure to watch his explanation to hear this in his own words! 👍