Journalist links GoPro camera to Michael Schumacher’s injuries, shares fall
GoPro Inc’s shares fell as much as 16 percent on Monday after a French journalist suggested that Formula 1 legend Michael Schumacher’s injuries in a ski accident last year might have been caused by a wearable camera made by the company.
Moncet was reported to have spoken to Schumacher’s son, Mick, but the journalist denied this in a tweet later.
Schumacher, a seven-time Formula 1 champion, suffered severe head injuries in a skiing accident in Meribel in the French Alps on Dec 29.
He emerged from a medically induced coma in June and has been receiving treatment at home since September.
“We are trying to get more information about the original report from Jean Louis Moncet. His tweet this morning suggests the comments didn’t come from a family member.” - GoPro spokesman Jeff Brown, in an e-mail response to Reuters
The company’s shares ended down 9.8 percent at $76.67(S$97.51) on the Nasdaq on Monday. Up to Friday’s close, the stock had nearly quadrupled in value since the company listed on June 26.
Shares of other wearable camera makers also fell, with Digital Ally Inc closing 12.9 percent lower at $10.41 and Taser International Inc ending 3.2 percent down at $13.61. - Reuters