Ryan Cohen scoops up GameStop stock worth $10-million, shares rise

. They are down nearly 80 per cent from their peak of $120.75 hit during the meme-stock frenzy of 2021.

The company’s board last week ousted Matt Furlong, a former Amazon executive who was handpicked to lead the largely brick-and-mortar operations company’s online expansion, fanning concerns about the video game retailer’s ailing business. Furlong’s exit came as the company struggles to turn a corner after it posted a bigger-than-expected loss for the latest three months and missed revenue expectations, with net sales falling for a fourth straight quarter last week.

Cohen – who owns about 12 per cent of the company through his firm, RC Ventures – pushed the company to pursue a strategic review of its business in 2020 and was elected chairman in June 2021. Cohen promised investors a digital pivot, with a focus on e-commerce, but the company has struggled to realize the goal.Checking box will enable automatic data updates.

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This pound of butter costs nearly $10 at Loblaws. Why so expensive? It’s complicated …This pound of butter costs nearly $10 at Loblaws. One food industry expert says the reason butter is so expensive these days isn’t simple and goes all the way back to the farm.
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