GAMESTOP ABRUPTLY FIRES CEO, NAMES RYAN COHEN AS EXECUTIVE CHAIRMAN



GameStop’s stock fell 18% in after-hours trading after announcing that it has fired its CEO, Mathew Furlong. Activist investor Ryan Cohen was named Executive Chairman. The company also reported a decline in net sales and a net loss for the first quarter of 2023. The related conference call was canceled due to the management changes. GameStop’s stock last traded at $21.25.

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1 Comment

  1. they need to rebrand theyre whole conpany theyre out of touch with todays standards and ontop of that they cheapshot you buy a game off you for a buck and go and sell it for 20

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