Mediatech’s Bibb Says Any GoPro Short Squeeze Will Fail (Audio)

Porter Bibb, managing partner at Mediatech Capital Partners, says any serious short-squeeze on GoPro, which he says is possibly underway, will fail because investors are valuing GoPro as a media company, not just a digital camera company. Bibb says GoPro’s whole secret is the millions of videos sent in by owners and the studio facilities it offers them in return for storing the videos in its vault. Bibb also speaks about speculation of Snapchat in funding talks with Alibaba which would put at $10 billion valuation on Snapchat, and a possible path forward to takeover of Time Warner by Rupert Murdoch’s 21st Century Fox. Bibb speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage."

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