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GoPro Shares Drop After Schumacher’s Injuries

Gopro Inc’s shares fell as much as 16 p.c on Monday after a French journalist instructed that components 1 legend Michael Schumacher’s accidents in a ski accident last year would possibly have been caused by a wearable digital camera made by way of the company.

“The problem for Michael was no longer the hit, but the mounting of the GoPro camera that he had on his helmet that injured his mind,” Jean-Louis Moncet told radio station Europe 1 over the weekend.

Moncet used to be said to have spoken to Schumacher’s son, Mick, but the journalist denied this in a tweet later.

GoPro Shares Drop After Journalist Links Camera to Schumacher’s Injuries

Schumacher, a seven-time system 1 champion, suffered extreme head injuries in a skiing accident in Meribel in the French Alps on Dec. 29. Schumacher emerged from a medically prompted coma in June. He has been receiving remedy at dwelling given that September.

“We are looking to get extra information about the unique file from Jean Louis Moncet. His tweet this morning suggests the comments failed to come from a member of the family,” GoPro spokesman Jeff Brown wrote in an emailed response to Reuters.

The corporate’s shares ended down 9.8 p.c at $76.67 on the Nasdaq on Monday. As much as Friday’s close, the stock had nearly quadrupled in worth since the firm listed on June 26.

Shares of other wearable camera makers also fell, with Digital Ally Inc closing 12.9 % decrease at $10.41 and Taser global Inc ending 3.2 % down at $thirteen.61.