Shares of GameStop have plunged after the company fired CEO Matthew Furlong, the former Amazon executive who was brought in two years ago to turn the struggling video game retailer around.
FILE - In this file photo, a GameStop sign is displayed above a store in Urbandale, Iowa, on Jan. 28, 2021. Shares of GameStop are falling before the market open on Thursday, June 8, 2023, as the video game company has terminated CEO Matthew Furlong and named Ryan Cohen as its executive chairman.
Cohen's holding company RC Ventures is the biggest investor in GameStop, holding about a 12% stake. Cohen co-founded Chewy, the online pet supply company, and had hoped to modernize the GameStop, founded in 1984. Furlong and other executives were brought in to execute Cohen's goal of getting GameStop more online.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
GameStop shares plummet after firing CEO: ‘Like Elon Musk running Twitter’The company also posted its fourth consecutive fall in quarterly revenue and missed market estimates.
Leer más »
GameStop shares slump after CEO firing and other stocks on the moveHere are some of the biggest movers of Thursday.
Leer más »
GameStop shares plummet after fifth CEO exit in 5 yearsGameStop sank nearly 20% on Thursday and was set for its worst session in two years after the surprise exit of a CEO handpicked to lead its online expansion fanned concerns about the videogame retailer's ailing business.
Leer más »
GameStop fires CEO, names Ryan Cohen executive chairmanGameStop fired its CEO and appointed Ryan Cohen as executive chairman just months after the company reported its first quarterly profit in two years.
Leer más »
GameStop fires CEO, elects Ryan Cohen as executive chairmanGameStop fired its chief executive on Wednesday and said that its board had elected Ryan Cohen as its executive chairman, effective immediately.
Leer más »
GameStop Fires CEO, Names Investor Ryan Cohen Executive ChairmanGameStop has named billionaire investor Ryan Cohen as its executive chairman and fired CEO Matt Furlong
Leer más »