Action camera maker GoPro to be acquired
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Advancements in smartphone technology have made GoPro cameras irrelevant to “anyone beyond hardcore sports enthusiasts or professional creators,” one analyst says.
GoPro is merging with a company that builds AI infrastructure, and will continue supporting existing consumer products.
Starman Optical would get a 90% stake in GoPro under the deal announced Tuesday, with existing shareholders of the camera company owning the rest.
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GoPro was once a $12 billion Wall Street darling that made founder Nick Woodman worth $5.4 billion, but recently its stock hit an all-time low near 60 cents. Now YouTube superstar Markiplier has bough