All articles tagged with #ryan cohen
GameStop reportedly closed more than 400 US stores in January 2026 as CEO Ryan Cohen aims for a $35 billion pay package if the company’s market cap hits $100 billion, with redundancies also affecting EB Games in New Zealand and other regions.
GameStop reportedly began 2026 by shuttering up to 296 US stores in the first week, with signs offering a 20% trade-in bonus if customers visit other GameStop locations. The closures may be connected to CEO Ryan Cohen’s at-risk pay package, which could total $35 billion if the company reaches a $100 billion market cap, distributed in nine tranches starting at $20 billion. Separately, RNZ reports GameStop is considering ending EB Games in New Zealand, potentially closing 38 stores pending a full consultation with affected staff.
GameStop CEO Ryan Cohen could earn up to $35 billion through performance-based stock options if the company's market cap reaches $100 billion and its earnings hit $10 billion, aligning his incentives with long-term growth amid the company's volatile history and recent recovery in stock value.
GameStop Corporation has reported profitability for the first time in over six years, defying Wall Street expectations and marking a remarkable turnaround under the leadership of Ryan Cohen. The company's strategic store closures and focus on optimizing operations have led to a significant increase in earnings, surpassing industry giants and positioning GameStop as a potential candidate for inclusion in the S&P500 index. With a strong financial position and renewed investor confidence, GameStop's resurgence serves as an inspiring narrative of resilience and adaptability in the face of adversity.
GameStop, the retailer-turned-meme-stock, has announced a new "investment policy" that allows CEO Ryan Cohen to invest the company's $900 million cash and cash equivalents in other companies' stocks. This move comes after GameStop became debt-free and spent funds on upgrading systems and partnerships. While some analysts are skeptical, GameStop shareholders have responded positively, with the company's shares rising 10% in today's trading session.
GameStop has announced changes to its corporate investment plan, allowing CEO Ryan Cohen to use company cash to buy equities instead of just short-term debt. Cohen now has control over the company's investments, and he may invest in the same companies as GameStop. This decision has been criticized by analysts, who argue that investors have other investment options and that GameStop should use its excess cash to buy back stock. The struggling retailer reported a decline in net sales for the quarter and has yet to release a detailed turnaround plan. GameStop's stock has significantly dropped from its meme stock era highs.
Investors hoping for a GameStop short squeeze or a turnaround under CEO Ryan Cohen may be disappointed. The short-squeeze frenzy that boosted GameStop's market capitalization in 2021 seems to have lost momentum, leaving investors with shares of an unprofitable business. Rumors of a ban on naked short selling are unfounded, as the practice is already illegal. Cohen's leadership abilities have been called into question, with concerns about his cost-cutting approach and lack of experience managing a physical retailer. Some analysts warn that GameStop's path to zero is relentless and likely unstoppable, advising investors to stay away from GME stock.
GameStop's stock fell 6.9% on Monday, trading at $15.33, and is on track for its lowest close since February 2021. Activist investor Ryan Cohen, who recently became CEO of GameStop, has been working to revitalize the company and focus on digital sales. Despite reporting better-than-expected second-quarter results, GameStop shares are down 17% this year.
GameStop's new CEO, Ryan Cohen, is aiming for a radical transformation of the struggling video game retail chain. Cohen emphasized the need for extreme frugality and warned against time wasters as the company faces financial challenges. Despite efforts to diversify into online deliveries, NFTs, and non-gaming products, GameStop's profitability remains hampered by the shift from physical game sales to digital downloads. The recent departure of top executives and leaked information about Microsoft potentially eliminating disc drives from future Xbox consoles add to the company's uncertainty. Cohen's message to employees stressed the importance of scrutinizing expenses and operating efficiently to achieve profitability.
Ryan Cohen, the founder of Chewy, has officially been named the new president and CEO of GameStop. In an email to staff, Cohen emphasized the need for "extreme frugality" and stated that his mission is to operate the company hyper efficiently and profitably. GameStop has been struggling financially, with its stock plunging 38% in the past year and experiencing layoffs. Cohen's involvement in the company has drawn attention, but turning it around remains a challenge as it faces competition from digitally sold games and big retailers like Amazon.
GameStop's newly appointed CEO, Ryan Cohen, sent a memo to employees emphasizing the need for "extreme frugality" and cost-cutting measures to ensure the struggling video game retailer's survival. Cohen, a billionaire activist investor, stated that every expense must be scrutinized and waste eliminated, urging employees to treat company money as their own. He also announced that he will not receive a salary in his new role. This comes as GameStop continues its efforts to reinvent itself and stay relevant in the face of declining sales and increased competition from online gaming.
GameStop has announced that billionaire activist investor Ryan Cohen will take over as the company's CEO, following his previous role as executive chairman. Cohen, known as the "king" of meme stocks, bought a stake in GameStop in 2020 and joined the board in 2021. The company's shares rose nearly 10% in premarket trading after the announcement. GameStop has been part of the meme stock craze but has struggled to turn its business around. Cohen will not receive any compensation for his new role.
The Securities and Exchange Commission is reportedly investigating GameStop Chairman Ryan Cohen over his sale of a significant stake in Bed Bath & Beyond shares. The SEC is seeking information from Cohen regarding the trades and his communications with directors and officers at Bed Bath & Beyond. Cohen, who triggered the meme stock craze after taking control of GameStop, disclosed a large stake in Bed Bath & Beyond in March 2022 and sold it abruptly in August, making a $60 million profit. Bed Bath & Beyond stock soared on Cohen's bullish tweets but plummeted after his sale, erasing the gains.
The U.S. Securities and Exchange Commission (SEC) is investigating the trading activities of Ryan Cohen, the activist investor and co-founder of Chewy Inc., in relation to Bed Bath & Beyond. The probe focuses on potential violations of insider trading regulations.
Ryan Cohen, the meme-stock hero and Gamestop executive chairman, will face a securities fraud lawsuit from Bed Bath & Beyond shareholders. The lawsuit claims that Cohen's use of a smiling moon emoji in a tweet constituted securities fraud. A federal judge ruled that emojis can be just as actionable as words, and Cohen's tweet could be understood by meme stock investors as encouraging them to act. Cohen had attempted to dismiss the lawsuit, but the ruling stated that emojis are liable to the same degree as words expressing the same ideas. Cohen sold his shares of Bed Bath & Beyond during a meme stock rally, making a $68 million profit before the stock price plummeted.