4 ms·
I’m still surprised Ryan Cohen still holds a CEO position at GameStop. Besides the brief run up in GME during 2021 (unrelated to performance) leading to short p
by xyst 2y ago
I’m still surprised Ryan Cohen still holds a CEO position at GameStop. Besides the brief run up in GME during 2021 (unrelated to performance) leading to short positions getting obliterated, performance of that company has been pretty awful since then.
He’s been trying to so hard to be an Elon of GME by being cryptic on Twitter, but ultimately all of his initiatives have fell flat — trading cards, selling hardware, crypto/NFT marketplace, trying to reposition itself as a platform.
Now he is trying to curry favors by riding the political wave. Almost seems like he is just trying so hard to keep it together by selling off assets.
- red-iron-pine 2y agoper our guy Milton, publicly traded companies have no purpose other than generating value for their shareholders, i.e. "stock price go up" the CEO's job is to generate that value. in-person game stores may not have much else, so he's getting that stock up however he can as long as he can. GME is doomed, but I'll give him props for trying