Business
GameStop shares surge as activist investor tapped to spearhead digital shift – Sydney Morning Herald
GameStop shares surge again as the world’s largest video game retailer tapped Chewy co-founder Ryan Cohen to spearhead a new committee to help it shift to an e-commerce…
Shares of GameStop jumped by more than 40 per cent on Monday on Wall Street after the worlds largest video game retailer tapped Chewy co-founder Ryan Cohen to spearhead a new committee to help its transition to an e-commerce business.
Cohen, who is a major GameStop shareholder, has been pushing GameStop to move away from its traditional brick-and-mortar model since joining the board shortly before a social media frenzy drove a meteoric rise in the companys stock.
Chewy co-founder Ryan Cohen added…
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