GoPro Shares Sink on Discounted Secondary Offering

The video discusses GoPro's secondary stock offering, highlighting the company's market challenges and the unusual pricing of the offering. It examines the implications of insider selling, particularly by the CEO, and the market's reaction to these events. The video also explores GoPro's ambitions to transform into a media company, despite the lack of media revenue. The discussion concludes with an analysis of GoPro's stock performance and future prospects.

What was unusual about GoPro's secondary offering?

• It was priced above the market value.

• The offering was canceled last minute.

• The CEO sold a small portion of his shares.

• It was priced significantly below the market value.

Why might investors be concerned about the timing of GoPro's secondary offering?

• The company is planning to go private.

• The CEO is buying more shares.

• The offering came soon after the IPO.

• The company is launching a new product.

What was one of the financial goals of GoPro's secondary offering?

• To raise $500 million.

• To raise $780 million.

• To raise $1 billion.

• To raise $1.5 billion.

What is a challenge GoPro faces in becoming a media company?

• They own all the content created with their cameras.

• They have significant media revenue.

• They lack media revenue in their reports.

• They have a large media team.

How has the stock performed since GoPro's IPO?

• It has slightly increased.

• It has more than doubled.

• It has remained stable.

• It has decreased significantly.