GME Stock Update – Fires CEO | Gamestop Fires CEO | GME Stock Update

GameStop fired its CEO Matthew Furlong and appointed its board chairman Ryan Cohen as executive chairman effective immediately, the company said Wednesday.

Shares of GameStop dropped more than 20% in extended trading after the video game retailer announced the termination. It released the news on the same day it reported its revenue dropped and its loss narrowed in its fiscal first quarter compared to the year-ago period.

The company didn’t provide a reason for the firing but noted the change in its quarterly securities filing. -CNBC

—–

Here’s the link: https://www.plutusawards.com/nominate/?_ga=2.235976513.1771018929.1685115129-1576539994.1684712859

Best Personal Finance Content for Underserved Communities
Community Builder Award
Best Investing Content
Best Current Events Coverage Related to Personal Finance

—–
Learn more with my free class at http://www.buildingbread.com/freeclass

—–

Join the members only group at: http://www.buildingbread.com/members

—–

Follow me on:
http://www.buildingbread.com/public
Tweets by BuildingBread
http://www.instagram.com/BuildingBread
http://www.facebook.com/BuildingBread

#BreadCrumbs

DISCLAIMER: This information is intended for the purposes of education only. This content is not a solicitation to buy or engage in any securities transaction. BuildingBread nor Kevin L. Matthews II is responsible for any losses, financial or otherwise, as a result of engaging in any securities transaction. All content is that of the author and does not represent any company or sponsor.

source