GoPro Drops Following News That Its Founders Will Move 5.8M Shares To Charitable Group

 GoPro’s stock is down dramatically today, off more than 6 percent, after it was announced that its founding team will move more than 5.8 million shares to a charitable group. Immediate punditry called the action a way around the normal lock-up period that prevents insiders from selling shares in newly public companies for a set period of time. The rules are in place to prevent… Read More