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Shares of GameStop fell sharply Thursday 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.
GameStop fired its CEO Wednesday with no explanation and abruptly canceled its earnings call, pushing at least one Wall Street analyst to reiterate a view the video game retailer remains "doomed."
Investors pushed the stock price down more than 20% in after-hours trading, continuing a roller-coaster ride that started in early 2021 when retail investors piled in to prove hedge fund betting ...
GameStop has been infiltrated by long-time Amazon executives.
The company has already hired former Amazon and Google executive Jenna Owens as its new chief operating officer. GameStop shares jump after CEO steps down, 'Roaring Kitty' raises stake Skip to ...
The move comes after GameStop fired CEO Matthew Furlong in early June and Cohen was named executive chairman. Cohen, the founder of Chewy ... Furlong, a former Amazon executive, had been viewed as ...
GameStop is making significant changes to its workforce, including laying off staff and investing in store managers and employees, according to an internal memo and a source familiar with the matter.
The company's shares, which were at the heart of a Reddit-driven trading frenzy, jumped 9% in premarket trade on Monday after GameStop said Sherman would resign on or before July 31 and that it ...