0:00 Okay, we're going to break down exactly what happened with the Markiplier and GoPro situation. >> Oh, this is ████ >> Because it gets really convoluted cuz so much news is like uh coming and going and no one knows the exact timeline. So, I'm going to break down the timeline of what exactly happened. And if you don't know what happened, this also explains every part of that as well. So, Markiplier, who we all know, highly successful YouTuber, great guy, uh made that movie, made a ton of bucks for it, and um he made an extremely rare move as a content creator in which he purchased um a large uh um basically purchased a lot of shares of GoPro. And he did this on um on he he purchased so many shares of GoPro over time that eventually he had to report, I believe, to the SEC. Like at a at a certain point when you buy so many, you have to file whether or not you're a
0:50 passive shareholder or a shareholder that actually inputs your opinion. >> Oh, wow. >> So, this happened on August 20. Okay, August 20, Markiplier files his stock purchase of uh 13.5 million shares of GoPro, which is roughly $9 million. Oh my god. >> Oh my god. >> That made him the highest shareholder after the CEO himself. >> Oh, holy ████ >> Uh and that's CEO of 20 years, right? >> That's ████ genius. I heard it was like 8% of the whole thing. >> It is, yeah. I'll get to that. So, he bought the stock on the simple basis that he just uses and enjoys the brand. >> I should have ████ did that. I love GoPro. >> And he believed it was undervalued as a company. Cuz you know, their stock's been down like 95% since like uh maybe like a couple years back. >> He follows his dollar. >> Yeah, so he he thought it was undervalued. He bought that much stock.
1:40 August 21, Bloomberg conducts an interview with Markiplier about the stock. We'll hear more about that later. August 28, Markiplier posts a video to his own channel reviewing uh GoPro's new camera and explaining the features and why he loves it. He made sure to note that it's not a video he was being paid to make, but it does have the sponsored content flag and an affiliate link because there's currently on YouTube there's no flag or policy that makes you disclose that you're an owner of stock of a company that you're promoting. >> Uh, yeah. >> So, he did all everything he could do to to explain to people, "Hey, like I there's money involved in this. You know, I'm not being paid to do it, but I am benefiting from it." >> That's classy. >> Yeah, it's classy, right? August 30
2:30 Bloomberg releases that article that they did an interview on and they name him as the highest shareholder at 8.5% of GoPro. The stock rises 173% in a two-day period. Holy ████ >> Did he just dump it immediately? Just immediately? >> No. [laughter] So, August 31 Do you guys know MKBHD? >> Yeah. >> I've heard of him, yeah. >> Yeah. >> Thank you, Mark Mark >> Yeah, Marques. Yeah, so he posts this on threads. This is not a line I see crossed very often, but to each their own. >> He's hating on that? >> He's not I wouldn't even say he's hating on it. I think he's just like pointing out it's an interesting thing that he's making this video about GoPro and he stands to gain so much. >> Got it. >> You know what I mean? But like Mark explained on his interview with Phil
3:20 DeFranco that like, "Hey, I did everything legally on YouTube that you can do which is say that it's a sponsored content. It does there's nothing to tick, 'Hey, I own a large share of this company.' There's nothing there. Maybe there will be after that. So, then um that's August 31 that that happened. September 1, which is like This is all happening in a matter of days. September 1st, GoPro announces its sale to Starman Optical for $285 million. >> Wow. That had to have been in the works for a sec. >> It had to be in the works. >> Things don't acquire that quickly. >> This isn't a question. I think it's pretty like people who actually know even 10% of knowledge of this know it's not insider trading cuz that's kind of like >> Yeah, but the people who don't are going to be real loud about it, right? >> They are being loud, which is why this timeline helps to explain. >> This sold for 200 million? >> 270 >> 285 million is the total that Starman
4:12 Optical paid for GoPro, which makes Markiplier 15 mil in a single day. Starman Optical, what they do is they develop AI data centers, and they bought GoPro with the plan to implement its camera tech into their own engineering of defense drones and robotics, which Markiplier does not support. >> Yeah. >> So, Markiplier says he will sell the stock if GoPro goes the route of flat cameras, data centers, and military. >> Okay. >> Um but because the what is it? >> Doesn't he have to sell because it's it's being bought? >> Well, that's another thing. So, it's being bought, which means at a dollar 14 a share, they it forcibly like makes it so that you are selling, but you keep 10% of the new company stock. >> Okay, I see. >> So, it it is like a thing where you have to sell basically. >> Yeah.
5:02 >> But but then he may exit the entire like >> So, he's he's he's selling forced to sell 90% of his position. He's he keeps 10% of the next. >> Yeah. >> Okay, I get why people are a little bit sussed. >> Yeah, yeah, yeah, yeah, yeah, yeah. >> Like he was wrapping up for the sale that he knew about. >> Cuz if let's say if Markiplier is that kind of guy, it's a really genius way to have gone about it because it's ethically like I'm not I don't want to be part of it, and I'm forced to sell. >> But you think this one video pumped the stock like that hard? >> The Bloomberg article. >> Well, the Bloomberg article pumped it. So, the fact that he had put so much money in it and the attention that he was, you know, putting 9 million of of of his money in >> He's been doing it over time, right? >> doing it over time. >> The Bloomberg article is about him, so the argument then for the haters would be he did this. He pumped this. >> Yeah. >> But also though, it's like if the stock goes up 173%
5:54 and then really shortly after it gets sold for 285 mil, somebody else still has a lot to gain from that, too. >> Well, everyone does, but but if he's if he's a major shareholder, he's in those rooms. He knows about the acquisition, so he could have prepped for it. >> Well, isn't that what he said though? He was trying to figure out whether he was a passive He He buys shares. He doesn't know. >> Mark applied claim he doesn't he didn't know nothing about >> Oh! >> He just reported, right? So, he just became part of that recently. >> Yeah, right. Well, before he was a passive >> See, he was buy He didn't just buy it once like he bought it over a long period of time. May I mean, I guess if you you could make the argument that he knew about it a long time ago and slowly >> You can also make the I mean, dude, you can you know, social media people, we get told ████ all the time by people. Like you could you could make the argument that somebody from StarMan hit him up privately and was like, "Hey, dude, this is going to happen go down." You You just don't know.
6:44 >> Yeah, you really You can make all those arguments, but he himself has said he didn't know anything about that. >> I mean, if he got lucky, got lucky. >> I'm actually really surprised that GoPro was only a $285 million company. >> I thought it would be a billion dollars. >> Me, too. >> That's insane. >> have hell overhead, huh? >> But maybe DJI took hell of market share. >> DJI and then what's the other camera one? Um >> Osmo Ozo or whatever? >> Yeah, Osmo is DJI. So, yeah. >> the the gimbal one, right? >> There's another one that's like really um like that killed GoPro a lot. >> Another action sports one? >> Yeah, it's another action sports camera. >> Is it the 360 one? >> Maybe, yeah. >> Insta360 or some ████ >> But they have been not doing great. >> Yeah. >> Um and with their new camera, I guess like Mark applied really believes in it because it has the you can put the lenses on and it shoots in like two What is it? 250 FPS or something? >> Yeah.
7:34 >> So, he really did have an angle of like, "Hey, I really like this product because I use it in he used it in his movies." >> Good for him. I I GoPro cameras. I have almost every single GoPro that ever was ever made. >> And he also said GoPro GoPro is the Kleenex of action cameras, where even the other brands people still call them GoPros even if they're not. So he he his view is that it's undervalued. Yeah. So if whether or not you want to say that it's insider trading, I think it's it's harder to that burden of proof is on you and it's hard to find. >> when you when you know about all the insider trading that does go on, when I look at this situation I go, "Good for you." Me, too. >> It couldn't have happened to a better guy. >> Yeah, like 15 million awesome, dude. >> Congress does this out in the open. >> Yeah. >> Come on. >> Yeah, he's a good dude. And he's going to make he's going to take that money and >> How come Pelosi Capital and all those guys can be ████ doing this all day? >> I don't know, man. Yeah. >> Then everyone's like, "Oh, I can't
8:24 believe it. Markiplier, you, too?" >> And and he's got an ethical out. That's pretty good setup. >> Or how does Jim Cramer constantly bait people into giving people exit equity so that they can leave these stocks? >> Yeah, you got Mitch McConnell on the other side, same thing. Like made been in the Senate his whole life is a hundred million dollars richer. How did it happen? So convenient. >> Yeah. So either way, I mean it's it's it's good that it happened to him. But he claims he didn't know about any of that stuff. >> I I I honestly just believe him. He's always seems like a straight-up dude, but you never know. >> Sure, yeah. But uh Phil DeFranco did a really good interview with him just straight-up asking him exactly like how did this all happen? And he's very straightforward with Phil about everything. He's like, "Yeah, I was just a fan of the product." And all this ████ happened. And that was before uh the announcement of Starman buying it. >> I do hope Starman doesn't turn into ████ flop cameras and military drone
9:15 ████ Arms trading is the ████ biggest thing in the world, though. >> What is? >> I know. Arms trading. >> Yeah. >> I guess Markiplier said uh he said that like it's ironic because I guess he was like an engineering guy before YouTube. And he said like in his engineering field people always end up working for defense at some point regardless of their beliefs. So he's like, "I feel like I've avoided engineering and then looped straight back into it. So, he doesn't want to support it if it does go that route, like you said, like if it's going to flock and robotics and uh >> He just wants to profit off of it. >> Yeah, but the That's the That's the amazing thing. He's forced to profit off it. It's pretty freaking crazy. >> pretty bad for him. >> Yeah. Oh, no, he has to make a sale. >> move though, dude. >> He has no choice. >> also like Like he had to put up $9 to profit off of it. >> Exactly. >> Like that's crazy.
10:05 >> Yeah. >> You know? >> His last buy was for how much? What What That's such a I'm sorry, that's host with host. I hate it. I'm sorry. >> I don't know. I don't know what his last His last buy he's like disclosed? >> But it was over time. It's not like a one-time nine mil. It's over time. >> I wonder what percent of his entire stack was the last buy? >> Or was it like the last buy was like this big, yeah? >> In question potentially if it was the last >> DCA over nine years, dude. >> Yeah, yeah, yeah. But that's a mean host and I don't mean to do that. >> You're stupid. >> But hey, wouldn't you spend $9 to make 15? >> Yeah. >> For sure I would. >> That's a really good return. >> In one day? >> Like a couple of days. It's like nine days. >> Yeah, for sure I would. >> Woo! >> Uh yeah, Markiplier's purchase of an 8.5% stake in GoPro, approximately nine million. It They don't have his actual last buy. He said he bought the shares while they traded between 60 and 73 cents. >> Okay, so you can probably go to the chart. >> It was under a dollar.
10:56 >> And then when the during the the merger, they're calling it a merger, um Starman Optical valued the shares at 114. >> Wow. >> Yeah, which nets him around 15 million. >> That's a great price, dude. >> God damn, dude. >> Good luck, Mark. >> On GoPro. >> Uh-oh, that's also just a short-term investment right there. >> Capital gains on that's going to be a ████ >> It's going to hurt real bad. >> Hurt real bad. >> Oh, yeah, he's going to be donating to the government pretty good, huh? >> Not defense again. >> Yeah. >> Was it 25%? >> He might know some ways around it, maybe. >> Yeah, maybe. So, yeah, if you guys uh please put your comments below. What do you think of this? What do you think of Markiplier? Do you feel like there's something fishy or are you just kind of down with how it all went day by day? Um it's pretty interesting. It's it a lot of people are talking about it. Uh I personally like this guy, so I think it's fine. >> I like [laughter] it. I like it.
11:47 I just got to clear one thing up that I always try to bring up in Markiplier videos. He didn't make the first YouTube movie, I did. >> You're so stupid. >> People hate that. I love it. Well, the right people like it, but the wrong people hate it.
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