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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."
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.
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 ...
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On September 28, 2023, Epic Games announced a layoff affecting 16% of its workforce, or around 830 employees. The news was initially reported by Bloomberg before Epic Games published its internal memo online. CEO Tim Sweeney explained in an email to staff that the decision was due to the company's ongoing financial situation, stating that they ...
Meme stock king Ryan Cohen is taking control of GameStop. The Chewy founder, who already serves as chairman of the board and owns roughly 12% of the company’s stock, has been named president and ...
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 ...
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 ...